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INDEX 



STATISTICAL SUMMARY 



BANK OF CANADA 



1949 



/ 



INDEX 1949 



INDEX 1949 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

A 

Agriculture 

Animal Products: U.S. direct investment in Canada 98 

Cattle & Meats: revenue freight loaded: volume 69 

Dairy Products: manufactured 154 .... 154 

production 154 .... 154 

Exports: price index 150 

value: by commodities 17,51,89,107,139,205 

Farm Operating & Living Costs: index 68, 102 ... 67 

Farm Products: revenue freight loaded: volume 69 .... 69 

wholesale price index: Canada M .... 11 

U.S.A M .... 27, 122, 133, 158, 224 

Fruits & Vegetables: U.S. direct investment in Canada .... 98 

Grain & Products: financial statistics 79, 168, 187 

revenue freight loaded: volume 69 

Grains: acreage & production 30, 103, 135 

Imports: price index 150 

value: by commodities 35,71,119,155,221 

Income: cash: Canada 13, 50, 68, 118, 153, 13, 50, 153 

177 

U.S.A.: index 54 

net & gross 68 

Livestock: revenue freight loaded: volume 69 

Loans: chartered banks 185 . . . . 182 

Price Index 67, 102 ... 67 

Wheat — see Wheat 

Wholesale Price Index // 

See also individual commodities or groups 






Aircraft 

Exports: value 



18, 52, 90, 108, 140, 206 



Aluminum 

Exports: value 



17, 51, 89, 107, 139, 205 



Animal Products 

Imports: value 

U.S. Direct Investment in Canada 
Wholesale Price Index .... 
See also Cattle & Meats and Livestock 



35, 71, 119, 155, 221 
98 



11 



Asbestos 

Exports: value 18, 52, 90, 108, 140, 206 

Production: value & volume 26 

B 

Balance of Payments 

Estimates 63, 64 

Merchandise Trade Balance M .... 16, 106, 138, 220 

Tourist Account Balance 32 .... 32 

Bank Deposits 

Bank of Canada & Chartered Banks M 

Total: U.S.A 54 

See also Chartered Banks 



Bank Loans — See Chartered Banks and Loans & Investments 



INDEX 1949 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Bank of Canada 

Assets M 

Deposits M 

Foreign Exchange M 

Investments M 

See also Industrial Development Bank and Loans & Investments 

Liabilities M 

Note Circulation M 

Banks — See Bank of Canada, Chartered Banks, and Federal Reserve 
Member Banks 

Beverages 

Exports: value 18, 52, 90, 108, 140, 206 

Financial Statistics 79, 168, 187, 189 

Imports: value 35, 71, 119, 155, 221 

Personal Expenditure: value & percentage 165 

Production: index 131 

Bond Issues 

New Issues and Retirements 5, 62, 115, 164 

Summary of Changes in Currency of Payment . . . . . .6, 62, 115, 164 

See also Government Bonds 

Business Activity M . 116, 148 

c 

Canadian National Railways 

Bonds Outstanding: total gtd. & ungtd. by currency of payment . . 6 

Deficit 45 

Loans from Government of Canada 45 

New Issues and Retirements — -see Bond Issues 

Capital Issues — See Bond Issues 

Car Loadings 

Volume M 

Cash (Chartered Banks) M . . . . 207 

Cash Income — See Farm Income and Personal Income 

Cash Ratio (Chartered Banks) M .... 160 

Cattle & Meats 

Exports: value 17, 51, 89, 107, 139, 205 

Revenue Freight Loaded: volume 69 

Central Electric Stations — See Electric Power 

Chartered Banks 

Assets M 

Cash M .... 207 

Cash Ratio M. .... 160 

Deposits: annual classification 185 

Canadian total M .... 2, 56, 74, 92, 109, 159 

207 

demand & notice M, 185 . 1, 55, 73,91, 181 

foreign M 

inactive notice deposits M 19, 37 

total M 

with Bank of Canada M 

See also Bank Deposits 

Investments M . . . 2, 56, 74, 92, 159 

See also Loans & Investments 

I Liabilities M 






INDEX 1949 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time 

Tables Charts 



Chartered Banks — continued 
Loans: annual classification 
call .... 
Canadian total 



current 

total 

See also Loans & Investments 
Note Circulation — see Note Circulation 
Security Holdings — see Investments (above) 

Chemicals & Allied Products 
Exports: price index 

value . 
Financial Statistics 
Imports: price index 

value 
U.S. Direct Investment in Canada 

Clothing 

Financial Statistics 

Personal Expenditure: value & percentage 

Production: index 

Retail Price Index: Canada 

U.S.A. 
Retail Trade: value 



185 

M 
M . 

M . 
M, 185 



2, 56, 74, 92, 124, 142, 

159 

110, 182 



150 

18, 52, 90, 108, 140, 206 

79, 168, 187, 198 

150 

35,71, 119, 155, 221 

98 



79, 168, 187 



165 



Coal 



131 
M 
12 
81, 132 

79, 168, 187 



Financial Statistics 

Imports: value 36, 72, 120, 156, 222 



Production: value & volume 

Revenue Freight Loaded: volume .... 

Commercial Failures 

Defaulted Liabilities: by provinces 
Number of Failures: by type of business 

Communications 

Employment : numbers 

Payrolls 

See also Telephones 

Construction 

Commercial Failures 

Contracts Awarded: value: residential . 

Employment: index 

numbers 

Loans: chartered banks 

New Construction: value: private & public: U.S.A. 

Payrolls 

See also Housing 

Copper 

Export^: value 

Production: value & volume 



26 
69 

44 
44 



44 
44 



M 
85 
86 
185 



44 



182 

122, 158, 224 



86 



Corporate Finance 

Balance Sheet 

Debt Outstanding: by currency of payment 
New Issues: Canada . 
U.S.A. . 
Retirements 
Source & Use of Funds 
Taxation 



17, 51, 89, 107, 139, 205 
26 



167, 169-172, 188-201 

6 

5, 62, 115, 164 

54 

5, 62, 115, 164 
167, 169-172, 188-201 
46, 79, 167, 169-172, 80 
175 188-201 



INDEX 1949 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Corporate Profits 79, 167, 169-172, . 80 

187-201 

Cost of Living Indexes 

Component Indexes: Canada M .... 28, 84, 116, 134, 148, 

151, 216 

U.S.A 12 ... . 28,54,84, 122, 151, 

158, 224 
Farm Index 68, 102 ... 67 

Country General Store Sales 81, 132 . 65 

Credit Buying — See Department Store Sales: Cash & Credit 

Current Loans — ■ Chartered Banks: Loans 

D 

Dairy Products 

Cash Income 13,50,118,153 . 13,50,153 

Exports: value 17, 51, 89, 107, 139, 205 

Manufactured: value 154 

volume 154 . . . 154 

Production: value 154 

volume 154 . . . 154 

Department Store Sales 

Cash & Credit 99 

Index M 

Value 81, 132 ... 65, 82 

Deposit Certificates 

Amount Outstanding 5, 46, 62, 115, 164 

Net New Issues or Retirements 5, 62, 115, 164 

Deposits — See Bank Deposits, Bank of Canada, and Chartered Banks 
Dividends — See Interest & Dividends 

E 

Earnings 

Average Hourly & Weekly: manufacturing 29, 104, 152 . . 29, 85, 104, 152 

Personal 178 

See also Payrolls and Wages 

Electric Power 

Financial Statistics 79, 168, 187, 201 

Production: index 131 

volume M 

Electrical Apparatus 

Exports: value 17, 51, 89, 107, 139, 205 

Financial Statistics 79, 168, 187, 194 

Imports: value 36, 72, 120, 156, 222 

Employment 

Index: by industries 85 ... . 214 

total M, 85 . . . 85, 116, 148,202, 214 

Numbers: Canada: by industries 86 

U.S.A 122, 158, 224 

Expenditure — See Personal Expenditure and Public Finance 

Exports — See External Trade 

External Trade 

Balance of Merchandise Trade — see Merchandise Trade Balance (below) 

Capital & Current Account Items 63, 64 



INDEX 1949 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

External Trade — -continued 

Exports: goods & services: value 177 

merchandise: price index 150 . . . . 149 

value: by commodities 17,18,51,52,89,90 

107, 108, 139, 140, 
205, 206 

by countries M . 16,34,88,106,138,220 

Imports: goods & services: value 177 

merchandise: price index 150 . . . . 149 

value: by commodities 35, 36, 71, 72, 119, 

120, 155, 156, 221, 
222 

by countries M . 16,34,88,106,138,220 

Invisible Items 63, 64 

Merchandise Trade Balance M .... 16, 106, 138, 220 

Merchandise Trade in Balance of International Payments . . . 63, 64 
Tourist Trade: receipts & expenditures 63, 64 

F 



Farm Income 

Cash: Canada: value: by products 

by regions & total 
U.S.A.: index .... 

Government Payments .... 
Net & Gross Income ... 



13, 50, 118, 153 13, 50, 153 

13, 50, 68, 118, 153 13, 50, 153 

54 

13, 50, 118, 153 . 13, 50, 153 
68 



Farm Operating & Living Costs 



68, 102 



67 



Farm Products 

Exports: value 

Price Index: by province . 

total .... 
Revenue Freight Loaded: volume . 
Wholesale Price Index: Canada 

U.S.A. 
See also individual commodities or groups 



17, 51, 89, 107, 139, 205 
67, 102 

67, 102 . . . 67 
69 . . . .69 
M .... 11 



M 



27, 122, 133, 158, 224 



Federal Reserve Member Banks 
Commercial Loans 
Government Securities 



54 
54 



Fertilizers 

Exports: price index 

value . 
Imports: price index 



150 

18, 52, 90, 108, 140, 206 

150 



Field Crops 

Cash Income 

Wholesale Price Index .... 
See also Grain & Products and Wheat 



13, 50, 118, 153 



13, 50, 153 

11 



Fisheries 

Employment: numbers . . 31 

Exports: value ... 18, 31, 52, 90, 108 

140, 206 

volume 31 

Investment: value 31 

Loans: chartered banks 185 

Production: value: by type & provinces 31 

value & volume: by species 31 



INDEX 1949 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Food Products 

Employment: index 85 

Financial Statistics 79, 168, 187, 188 

Personal Expenditure: value & percentage 165 

Production: index 131 

Retail Price index: Canada M . . . . 28, 84, 134, 151 , 216 

U.S.A 12 .... 28,84, 151 

Retail Trade: value 81, 132 

Revenue Freight Loaded: volume 69 .... 69 

Wholesale Price Index: Canada M .... 21 5 

U.K M 

U.S.A M .... 27, 133 

See also Fruits & Vegetables 

Foreign Exchange 

Capital Movement 63, 64 

Gold & U.S. Dollar Holdings 61, 98, 147, 213 

Transactions in Convertible Exchange from Sterling Area . . . 63, 64 

Foreign Exchange Control Board 

Government of Canada Loans 45 

Foreign Investment 

Non-Resident Investment in Canada 98 

U.S. Direct Investment in Canada 98 

Foreign Trade — See External Trade 

Forest Products 

Employment: index 85 

numbers 86 

Exports: price index 150 

value . . 18, 52, 90, 108, 140, 206 

Financial Statistics 79, 168, 187, 191 

Imports: price index 150 

value 36, 72, 120, 156, 222 

Loans: chartered banks 185 

Payrolls 86 

Revenue Freight Loaded: volume 69 .... 69 

U.S. Direct Investment in Canada 98 

See also Newsprint 

Fruits & Vegetables 

Exports: value 17,51,89,107,139,205 

Imports: value 35, 71, 119, 155, 221 

U.S. Direct Investment in Canada 98 

Fuel & Lighting 

Personal Expenditure: value & percentage 165 

Production: value: by region & total 25 

Retail Price Index: Canada M 

U.S.A 12 

See also Coal, Natural Gas, and Petroleum 

Funded Debt — See Public Finance: Debt 

Furniture 

Retail Price Index: Canada M 

U.S.A 12 

Retail Trade: value 81, 132 

Furs 

Exports: value 18,52,90,108,140,206 

Imports: value 35, 71, 119, 155, 221 



INDEX 1949 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

G 

Gold 

Financial Statistics: mining companies ... .... 79, 168, 187, 195 

Non-Monetary: exports: value M, 18, 52, 63, 64, 90, 

108, 140, 206 

Official Holdings of Government of Canada 61, 98, 147, 213 

Production: value: by region 25 

total 26 .... 25 

volume M, 26 

Government Bonds 

Amount Outstanding: by currency of payment and issuing body . 6 

Investments: Canada: Rank of Canada . M 

Bank of Canada & Chartered Banks . . . M . . . . 20, 38 

Chartered Banks M . . . 2, 56, 74, 92, 159 

U.S.A.: Federal Reserve Member Banks .... . ... 54 

General Public 54 

New Issues 5, 62, 115, 164 

Prices: domestic: Canada M 

U.K M 

U.S.A M .... 54 

Retirements 5,62,115,164 

Yields: domestic: Canada M, 9, 61, 97, 147, 213 7, 8, 23, 24, 59, 60, 77, 

78,95,96,113,114,127 
128, 145, 146, 211, 212 

U.K. M, 9, 61, 97, 147, 213 8, 24, 60, 78, 96, 114, 

128, 146, 212 

U.S.A M, 9, 61, 97, 147, 213 8, 24, 60, 78, 96, 114, 

128, 146, 212 

foreign: Canada 9, 61, 97, 147, 213 

See also Public Finance: Debt 

Government Finance — See Public Finance 

Grain & Products 

Exports: value 17,51,89,107,139,205 

Financial Statistics 79, 168, 187 

Imports: value 35,71,119.155,221 

Revenue Freight Loaded: volume 69 

See also Wheat & Flour 

Grains 

Acreage & Production: by province & type 30, 103, 135 

See also Wheat 

Grocery & Combination Store Sales 81, 132 . . . 65 

Gross National Expenditure 177 

Gross National Product 177 

H 

Health & Hospital Care — See Public Finance: Public Welfare 

Hides & Leather 

Financial Statistics 79, 168, 187 

Imports: value 35, 71, 119, 155, 221 

Housing 

Government Expenditure 45 

I 
Imports — See External Trade 



INDEX 1949 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Income — See Corporate Profits, Earnings, Farm Income, 
Interest & Dividends, Payrolls, and Personal Income 

Industrial Development Bank 

Capital Stock held by Bank of Canada .... 

Industrial Production Index 

Interest & Dividends 



Internal Trade 

Commercial Failures 
Employment: index . 
numbers 
Financial Statistics . 
Payrolls 
See also Retail Trade and Wholesale Trade 

Inventories 

Business: value: U.S. A 



Iron Ore 

Imports: value . 
Production: value & volume 



Iron & Steel 

Employment: index 
Exports: price index 

value 
Financial Statistics 
Imports: price index 

value 
Production: index 
U.S. Direct Investment in Canada 
See also Steel 



Tables 



M 
131 



Charts 



63, 64, 79, 167-172, 
177, 178, 188-201 

44 . . . . 

85 

86 

79, 168, 187, 199, 200 

86 



116, 131, 148 
80 

44 



122, 158, 224 



35, 71, 119, 155, 221 
26 

85 . . . .214 

150 

17, 51, 89, 107, 139, 205 

79, 168, 187, 192 

150 

35, 71, 119, 155, 221 

131 

98 



Labour Force 

Employment & Unemployment: Canada 116, 148 

U.S.A 122, 158, 224 

See also Employment 



Lead 

Exports: value 

Production: value & volume 

Leather — See Hides & Leather 

Livestock 

Cash Income 

Revenue Freight Loaded: volume 

See also Cattle & Meats 

Loans & Investments 

Canada: Bank of Canada & Chartered Banks .... 
See also Bank of Canada and Chartered Banks 

Private 

U.S.A.: Federal Reserve Member Banks 

See also Public Finance 



17, 51, 89, 107, 139, 205 
26 



13, 50, 118, 153 
69 



M 

177 



13, 50, 153 



20, 38 



54 



Logging — See Forest Products 

M 

Machinery 

Employment: index 85 

Exports: value 17, 51, 89, 107, 139, 205 

Financial Statistics 79, 168, 187, 193, 194 

Imports: value 35, 71, 119, 155, 221 



INDEX 1949 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Manufactures 

Commercial Failures 44 .... 44 

Earnings: average hourly & weekly 29,104,152 . 29,104,152 

Employment: index 85 ... . 202 

numbers 86 

Hours Worked 29, 104, 152 

Inventories: value: U.S.A 122, 158, 224 

Loans: chartered banks 185 . . . . 182 

Payrolls 86 

Production: index: durable & non-durable: Canada 131 . . . . 131 

U.S.A 54, 122, 158, 224 

Revenue Freight Loaded: volume 69 .... 69 

U.S. Direct Investment in Canada 98 

Wholesale Price Index: Canada M . . . . 11,83, 117,215 

U.S.A M .... 54 

See also individual commodities or groups and Business Activity 

Metals 

Production: value: by region 25 

total .. 26 .... 25 

volume 26 

Revenue Freight Loaded: volume 69 .... 69 

See also individual metals and Non-Ferrous Metals 

Minerals 

Employment: index 85 

numbers 86 

Loans: chartered banks 185 

Payrolls 86 

Production: index 131 .... 131 

value: by region 25 

total 26 .... 25 

volume 26 

U.S. Direct Investment in Canada 98 

See also individual minerals and Metals and Non-Metallic Minerals 

Money — See Bank of Canada, Chartered Banks, and Note Circulation 

Money Supply M . . . . 19,37,123,141 

Motor Vehicles 

Exports: value 17, 51, 89, 107, 139, 205 

Imports: value 35,71,119,155,221 

Personal Expenditure: value & percentage 165 

Retail Trade: value 81, 132 

Municipal Finance — -See Public Finance: Municipalities 

N 

National Debt — See Public Finance 

National Income — See Corporate Profits, Farm Income, 
Gross National Product, and Payrolls 

Natural Gas 

Financial Statistics 79, 168, 187 

Production: value & volume 26 

New Issues — See Bond Issues 

Newsprint 

Canada: exports: value 18,52,90,108,140,206 

production: volume M, 42, 100 

North America: supply, consumption & stocks 42, 100 

U.S.A. : shipments to and consumption by publishers .... 42,100 . . . 100 



INDEX 1949 



10 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Nickel 

Exports: value 

Production: value 

volume 



17, 51, 89, 107, 139, 205 

26 

M, 26 



Non-Ferrous Metals 
Exports: price index 

value 
Financial Statistics 
Imports: price index 

value . 
U.S. Direct Investment in Canada 

Non-Metallic Minerals 
Exports: price index . 

value .... 
Financial Statistics . 
Imports: price index . 

value .... 



150 

18, 52, 90, 108, 140, 206 

79, 168, 187, 196 

150 

36, 72, 120, 156, 222 

98 

150 

18, 52, 90, 108, 140, 206 
79, 168, 187 
150 

36, 72, 120, 156, 222 
Production: value: by region 25 



total 

volume 

Revenue Freight Loaded: volume 

U.S. Direct Investment in Canada .... 

See also individual minerals 

Note Circulation 

Bank of Canada 

Bank of Canada Active & Chartered Banks 

o 

Old Age Pensions — See Public Finance: Public Welfare 



26 
26 
69 
98 



M 
M 



25 



69 



208 



214 

150 

18, 52, 90, 108, 140, 206 

79, 168, 187, 191 

150 

36, 72, 120, 156, 222 

185 

69 . . . 

98 



69 



M 



86 



85 
54 



Paper, Wood Pulp & Pulpwood 
Employment: index 
Exports: price index 

value 
Financial Statistics 
Imports: price index 

value 
Loans: chartered banks 
Revenue Freight Loaded: volume 
U.S. Direct Investment in Canada 
See also Newsprint 
Payrolls 

Index: Canada .... 

U.S.A 

Value: by industries 
Personal Expenditure 

Canada: value: by commodities 165, 178 

percentage of total 165 

total 177, 178 . . . 178 

U.S.A.: value: 122,158,224 

Personal Income 

Canada: value: provincial distribution 

total 
U.S.A.: 

Petroleum 

Financial Statistics .... 

Imports: value 36, 72, 120, 156, 222 

Production: value & volume 26 

Revenue Freight Loaded: volume 69 



179 . 
178, 179 



79, 168, 187, 197 



179 
178 
54, 122, 158, 224 



11 INDEX 1949 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time 

Tables Charts 

Power — See Electric Power 

Precious Metals 

Exports: value 18, 52, 90, 108, 140, 206 

Production: value & volume 26 

See also Gold 

Prices — See individual commodities or groups or Cost of Living, 

Farm Products, Retail Price Indexes, and Wholesale Price Indexes 

Printing & Publishing 

Financial Statistics 79, 168, 187 

Production — See individual commodities or groups or Business Activity, 
Electric Power, Manufactures, and Minerals 

Profits — See Corporate Profits 

Public Debt — See Public Finance 

Public Finance 

Canadian National Railways — See Canadian National Railways 
Government of Canada 

Agriculture: expenditures 45 

Annuities 45, 46 

Balance at Bank of Canada M 

Bonds — see Debt (below) and Government Bonds 

Cash Balances 46 

Cash Requirements 45 

Debt, Funded: direct & guaranteed: by currency of payment . . 6 

direct (net) 46 

Deposit Certificates — see Deposit Certificates 

Expenditures: by items 45 

total 45, 177 

Family Allowance Payments . .45 

Housing: expenditures 45 

Interest 45, 46 

Investments 45 

Loans 45 

New Issues — see Bond Issues 

Public Welfare 45 

Public Works 45 

Retirements — see Bond Issues 

Revenue: by items 46 

Succession Duties 46 

Taxation: collection: by items 46 

Transportation: expenditures 45 

Treasury Bills — see Treasury Bills 

Unemployment Insurance 45 

War and Reconstruction Advances or Investments .... 45 

War, Demobilization & Veterans Expenditure 45 

War Savings Certificates & Stamps 46 

War Service Gratuities & Reestablishment Credits .... 45 

Wartime Prices & Trade Board 45 

See also U.N.R.R.A. 

Government of Canada &" Provinces 

Subsidies & Grants 45, 175 

Tax Agreements: transfers 45, 175 

Municipalities 

Debt Outstanding: by class of municipality and province . . 217 

direct & guaranteed: by currency of payment . 6 

Education: expenditures 218 

Expenditure: by items 218 

Loans: chartered banks 185 

Public Welfare 218 



INDEX 1949 12 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Public Finance — (continued) 

Revenue: by items 218 

Sinking Funds 6, 217 

Taxation: collection: by items 218 

Transportation: expenditures 218 

Provinces 

Agriculture: expenditures 176 

Debt Outstanding: direct & gtd.: by currency of payment . . 6 

direct & indirect: by provinces & total 173, 174 

Education: expenditures 176 

Expenditure: by items 176 

Loans: chartered banks 185 

New Issues — • see Bond Issues 

Public Welfare 176 

Retirements — see Bond Issues 

Revenue: by items 175 

Sinking Funds 6, 173 

Taxation: collection: by items 175 

Transportation: expenditures 176 

Provinces & Municipalities 

Subsidies 176 

Pulpwood — See Paper, Wood Pulp & Pulpwood 

R 

Railways (Steam) 

Car. Loadings: volume M 

Earnings: rail line & other 14 

Employees: numbers 14 

Expenses 14 

Revenue Freight Loaded: volume: by products 69 .... 69 

Salaries & Wages 14 

Traffic: freight & passenger 14 

Raw Materials 

Wholesale Price Index: Canada M 83,117,215 

U.S.A M .... 54 

Relief 

Official 63, 64, 177 

See also Public Finance: Public Welfare 
Rent 

Index: Canada M 

U.S.A 12 

Personal Expenditure: value & percentage 165 

Retail Price Indexes 

Canada M . . . . 28, 82, 84, 1 16, 134, 

148, 151, 216 

U.S.A 12 .... 28, 54, 84, 122, 151, 

158, 224 
See also individual commodities or groups 
Retail Trade 

Financial Statistics 79, 168, 187, 200 

Inventories: value: U.S.A 122, 158, 224 

Loans: chartered banks 185 

Merchandise: value: by province .82 

by type 81, 132 ... 65 

total 81, 82, 132 . . 65,116,148 

See also Department Store Sales 

Rubber & Products 

Exports: value . 18, 52, 90, 108, 140, 206 

Financial Statistics 79, 168, 187 

Imports: value 35, 71, 119, 155, 221 



13 



INDEX 1949 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 



Savings (Personal) 

Securities — See Bank of Canada, Bond Issues, Chartered Banks, 
Government Bonds, Loans & Investments, and Public Finance 

Security Prices — See Government Bonds 

Services 

Commercial Failures 

Employment: numbers 

Financial Statistics 

Payrolls 



178 



178 



Ships & Vessels 
Exports: value 



Silver 

Production: value & volume 



Steel 

Production: volume: ingots & castings 
total 



44 



79, 168, 187, 199, 200 
86 



18, 52, 90, 108, 140, 206 



26 



M 



Stock Exchanges 

Common Stock Price Indexes: Canada: Montreal & Toronto . 

U.S.A 

Market Value of Listings: Montreal & Toronto 

Member Borrowings: value: Montreal & Toronto 9 

Quoted Value Index: by industrial groups: Toronto 97 

Shares Traded: value: Montreal & Toronto 9, 97 



9, 97 



10 



54 



Taxation 

Collection: by items 

distribution of total .... 

Direct: personal 

Income: as a percentage of income: Canada 

U.K. . 
U.S.A. . 

Indirect: less subsidies 

See also Corporate Finance and Public Finance 

Telephones 

Financial Statistics 



Textiles 

Employment: index 
Exports: price index 

value 
Financial Statistics 
Imports: price index 

value 
U.S. Direct Investment in Canada 

Timber — See Forest Products 



46, 175, 218 
178 



177 



48 

47, 48, 49 

49 

49 



79, 168, 187 

85 . . . .214 

150 

17, 51, 89, 107, 139, 205 

79, 168, 187, 190 

150 

36, 72, 120, 156, 222 

98 



Tobacco 

Financial Statistics 79, 168, 187 

Personal Expenditure: value & percentage 165 

Tourist Trade (International) 

Balance of Payments on Tourist Account 32, 63, 64 . 32 

Expenditures: by Canadians in foreign countries 32 .... 32 

by foreigners in Canada 32 .... 32 

Trade — See External Trade, Internal Trade, Retail Trade, and 
Wholesale Trade 



INDEX 1949 14 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Transportation 

Employment: index 85 

numbers 86 

Financial Statistics 79, 168, 187 

Loans: chartered banks 185 .... 182 

Payrolls 86 

Production: index 131 

See also Railways (Steam) 

Treasury Bills 

Bank of Canada & Chartered Banks: amount outstanding ... 5, 46, 62, 115, 164 

net new issues or retirements 5, 62, 115, 164 

Provincial Governments: amounts outstanding 173, 174 

Tender Rate: Canada, U.K., U.S. A M 

u 

Unemployment — See Labour Force 

Unemployment Insurance 

Balance in Fund 130 .... 129 

Claims & Benefits Paid 130 .... 129 

Government Expenditure 45 

Number of Persons Receiving Benefit : by province . . 130 

total 130 .... 129 

Total Revenue 130 .... 119 

U.N.R.R.A. 

Canadian Contribution 45, 63, 64 

V 

Vehicles & Parts — See Machinery and Motor Vehicles 

w 

Wages 177 

See also Payrolls 

Wheat 

Acreage & Production: by province & total 30, 103, 135 

Statistical Position 136 .... 136 

Supplies & Distribution 136 .... 136 

World Supplies: stocks & production 223 .... 223 

Wheat & Flour 

Exports: value 17, 51, 89, 107, 139, 205 

volume 136 . . . 136 

Wholesale Price Indexes 

Canada M . . . . 1 1, 83, 1 16, 1 17, 148, 

149, 215 

U.K M 

U.S.A M .... 27, 54, 122, 133, 158, 

224 
See also individual commodities or groups 

Wholesale Trade 

Financial Statistics 79, 168, 187, 199 

Inventories: value: U.S.A 122, 158, 224 

Loans: chartered banks 185 

Wood Products — See Forest Products 

Wood Pulp — See Paper, Wood Pulp & Pulpwood 

z 

Zinc 

Exports: value 18, 52, 90, 108, 140, 206 

Production: value & volume 26 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 



Charts 



Pages 



Bank of Canada: 

Liabilities and Assets 

Chartered Banks: Canadian Deposits 
Chartered Banks: Canadian Deposits, Loans and 
Dom.-Prov. Securities 



II Chartered Banks: 

Liabilities and Assets . 

III Money Supply and Related Bank Assets .... 

IV Bond Issues and Retirements 

V Bonds Outstanding 

VI Security Prices: 

Govt. Securities Payable in Canada only .... 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S. A 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. . 

VII Government Bond Yields: Canada, U.K. and U.S.A. . 

VIII Stock Exchange Statistics 

IX Business Activity .... 

Production of Steel Ingots and Castings . 

X Wholesale Prices 

Wholesale Prices: Farm Products and Manufactures 

XI Cost of Living: Canada 

XII Cost of Living : U.S. A 

XIII Cash Income from the Sale of Farm Products 

Cash Income from the Sale of Farm Products . 

XIV Steam Railways 

XV Exports and Imports by Countries 

Exports, Imports and Balance 

Merchandise Trade: Percentage Distribution by Countries 

XVI Merchandise Exports: Commodity Classification 



1 - 2 
1 



3 -4 

3 -4 

5 -6 

6 

7 
7 
8 
8 

9 

9 

10 
10 

11 
11 

12 

12 

13 

13 

14 

15 
16 
16 

17 - 18 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JANUARY 1949 



Millions of Dollars 



JANUARY 1949 ! 
I-BAI 





LIABILITIES 




Chartered Bank Cash 






Foreign 
Currency 
Deposits' 


Active 


\I1 


Tot: 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Govt. 
Deposits 


Other 
Deposits 


B. of C. 

Note 

Circulation 


Other 
Accounts 


Liabil t 
or 

Ass*; 


Average of 




















Month-end Figures 


















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2914 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


37i3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44 5 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,48 9 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,84 7 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,89 8 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,918 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,971 


End of 




















1948— Jan. 


147.2 


538.3 


685.5 


44.6 


60.6 


- 


1,010.3 


41.6 


1,84 7 


Feb. 


135.7 


531.8 


667.5 


60.8 


75.0 


.6 


1,020.6 


23.4 


1,84 9 


Mar. 


166.9 


519.2 


686.1 


42.2 


86.7 


.1 


1,013.9 


25.8 


1,85 6 


Apr. 


140.5 


558.9 


699.4 


57.9 


126.0 


.2 


1,042.5 


26.7 


1,95 7 


May 


170.2 


547.3 


717.5 


135.9 


95.8 


.5 


1,025.5 


31.5 


2,00 


June 


157.2 


517.0 


674.2 


138.4 


107.2 


.2 


1,049.3 


31.5 


2,00.8 


July 


158.1 


502.5 


660.6 


119.0 


84.1 


.1 


1,062.2 


32.1 


1,95 


Aug. 


176.0 


525.1 


701.1 


105.1 


90.3 


.1 


1,050.9 


36.1 


1,98.6 


Sept. 


172.2 


550.9 


723.1 


87.3 


78.2 


.2 


1,095.5 


44.6 


2,02.9 


Oct. 


160.4 


581.0 


741.4 


110.0 


72.2 


1.0 


1,114.7 


40.3 


2,07.6 


Nov. 


190.2 


579.6 


769.8 


86.5 


64.1 


.1 


1,083.3 


59.2 


2,0( 


Dec. 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,0J.( 



(1) Includes foreign exchange items for account of foreign clients. -ArMay 1940 and subsequent figures give effect to the enactment, under the War Measures :t, 
short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Board. Since that date the Bank's minimum gold is 



CHARTERED BANKS : CANAD IAN DEPOSITS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




* Chiefly Dominion and Provincial Government and foreign bank 



JANUARY 1949 
IF CANADA 



Millions of Dollars 











ASSETS 








— 






Silver 


Foreign ' 
Currencies 


Securities 


Advances 


All 
Other 

Accounts 




Gold 


DOM.- 


PROV. 


Ind. Dev. 
Bank 


Other 


Total 


















Under 2 yrs. 


Over 2 yrs. 


Cap. Stock 
































Average nf 
Month-end Figures 


151.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


182.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


210.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


• 




• 


• 


• 


i 




• 








- 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


1 - 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3/ 


- 


1,891.5 


.3 


26.5 


1947 


t - 


- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 

End of 


1; _ 


_ 


— 


931.3 


863.2 


25.0 


— 


1,819.5 


— 


23.2 


Jan.— 1948 


_ 


- 


.8 


974.4 


825.7 


25.0 


- 


1,825.1 


- 


22.0 


Feb. 


- 


- 


.3 


985.2 


806.7 


25.0 


- 


1,817.0 


- 


37.6 


Mar. 


|; - 


- 


.3 


1,124.1 


767.8 


25.0 


- 


1,916.9 


- 


35.4 


Apr. 


ji - 


- 


.6 


1,179,7 


775.0 


25.0 


- 


1,979.7 


- 


26.5 


Mav 


| - 


- 


.3 


1,152.9 


790.9 


25.0 


- 


1,968.8 


- 


31.7 


June 


4 - 


_ 


.2 


1,145.2 


773.6 


25.0 


— 


1,943.7 


- 


14.1 


July 


U - 


- 


.2 


1,155.2 


778.1 


25.0 


- 


1,958.3 


- - 


25.1 


Aug. 




- 


.3 


1,216.3 


757.2 


25.0 


- 


1,998.5 


- 


30.2 


Sept. 


!! - 


- 


1.1 


1,279.6 


741.3 


25.0 


- 


2,045.9 


- 


32.6 


Oct. 


ill - 


- 


.1 


1,222.1 


794.0 


25.0 


- 


2,041.1 


- 


21.7 


Nov. 


i\ - 


— 


.5 


1,233.7 


779.1 


25.0 


— 


2,037.7 


— 


20.4 


Dec. 



! I Foreign Exchange Acquisition Order and the Exchange Fund Order, 
riremcnt lias been suspended. 



Under these orders the Bank's gold and foreign exchange holdings, over and above its 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS & DOM.-PROV. SECURITIES 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



7000 



5000 




7000 



5000 



3000 



1000 























JANUARY 1949 




















II— CHAR r 


Millions of Dollars 
















Bank • 




LIABILITIES 








Notes 


Deposits 


Cash 
in (3) 
Canada 


Securities 






Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


DOM.- 


PROV. 


Foreign 
Govt. 


Oth 






Under2yrs. 


Over 2 yrs. 




Average of 
Month-end figures 

1929 
1932 
1937 


178 
132 
110 


696 
486 
691 


1,480 
1,376 
1,574 


102 
82 
90 


2,293 
1,955 
2,382 


418 
312 
421 


2,837 
2,322 
2,840 


212 
186 
240 


342 
490 

445 674 


157 

206 i 
68 23 


i 


1946 
1947 
1948 


23 
20 

17 


2,155 
2,139 
2,259 


3,327 
3,681 

3,972 


483 
404 
355 


5,993 

6,278 
6,644 


806 
851 
817 


6,919 
7,237 
7,567 


673 
665 
705 


1,573 
871 
891 


2,162 
2,524 
2,423 


276 
290 
259 


27 
42 
54 


1948-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 


18 
18 
18 
18 
17 
17 


2,073 
2,105 
2,201 
2,223 
2,182 
2,214 


3,824 
3,881 
3,927 
3,951 
3,955 
3,936 


383 
241 
272 
290 
319 
379 


6,339 
6,281 
6,458 
6,525 
6,522 
6,591 


809 
801 
802 
797 
827 
838 


7,255 
7,203 
7,378 
7,431 
7,457 
7,534 


686 
668 
686 
699 
717 
674 


837 
820 
835 
S29 
829 
952 


2,360 
2,372 
2,399 
2,436 
2,425 
2,382 


263 

264 
260 
264 
266 
266 


51 
51 

54 


July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 


17 

17 
17 
17 
16 
16 


2,112 
2,215 
2,360 
2,341 
2,534 
2,544 


3,959 
4,003 
4,049 
4,040 
4,086 
4,057 


375 

391 
368 
417 
401 
426 


6,497 
6,653 
6,830 
6,842 
7,090 
7,099 


831 
841 
823 
804 
819 
811 


7,431 
7,606 
7,752 
7,745 
8,005 
8,002 


661 

701 
723 
741 
770 
738 


929 
967 
952 
894 
927 
922 


2,408 
2,430 
2,430 
2,466 
2,460 
2,513 


270 

264 
256 
246 
242 
242 


54 
54 
54 
54 
5* 
5! 


(1) Estimated mont 
(3) Until March 193 


i-end depo 
5: Gold an 


sits payable in Canadian currency. (2) Includes inter-bank deposits. 

d Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: I 


lank of Canada Notes at 


id Dei 


















III— MONEY SUPPLY A 


Millions of Dolla 


rs 








MONEY 


SUPPLY 










Bat. 





As at Dec. 31 

1938 
1940 

1944 
1945 
1946 
1947 
1948 

End of 

L948-Jan. 

Feb. 
Mar 
Apr. 
May 

June 



July 
Aug. 
Sept 
Oct. 
Nov. 
Dec. 



Currency 
Outside Banks 



Notes'" 

207 

341 

930 

992 

1,031 

1,046 

1,115 

1 ,028 
1 ,038 
1 ,032 
1,060 
1 ,043 
1,067 

1,079 
1,068 
1,112 
1,131 
1,100 
1,115 



Coin'" 



31 
38 
60 
63 
65 
66 
70 

65 
66 
66 
66 

67 
67 

68 
67 
68 
70 
69 
70 



Total 

238 
379 
990 
1,055 
1,096 
1,112 
1,185 

1,093 
1,104 
1,098 
1,126 
1,110 
1,134 

1,147 
1,135 
1,180 
1,201 
1,169 
1,185 



Bank Deposits 



Chartered Banks 



Demand' 3 ' 



734 
1,031 
1,862 
2,063 
2,291 
2,296 
2,544 

2,073 
2,105 
2,201 
2,223 
2,182 
2,214 

2,112 
2,215 
2,360 
2,341 
2,534 
2,544 



Active 

Notice 14 ' 



187 
203 
363 
474 
614 
597 
649 

609 
620 
629 
629 
630 
628 

628 
634 
645 
647 
651 
649 



Other' 5 ' 

excl. Dom 

Govt. 



42 
112 
153 
172 
229 
233 
276 

214 
220 
263 
281 
269 
286 

270 

254 
267 
239 
271 
276 



Total 



963 
1,346 
2,378 
2,709 
3,134 
3,126 
3,469 

2,896 
2,945 
3,093 
3,133 
3,081 
3,128 

3,010 
3,103 
3,272 
3,227 
3,456 
3,469 



Deduct 
Floats 



116 
172 
243 
280 
328 
362 
400 

232 
230 
345 
333 
317 
339 

239 

280 
377 
292 
362 

400 



Net 
Total 



847 

1,174 
2,135 
2,429 
2,806 
2,764 
3,069 

2,664 
2,715 
2,748 
2,800 
2,764 
2,7S9 

2,771 
2,823 
2,895 
2,935 
3,094 
3,069 



Bank of 
Canada 

"Other" 
Deposits 



3 

10 
28 
30 
94 
68 
81 

61 

75 

87 

126 

96 

107 

84 
90 
78 
72 
64 
81 



Total 



850 
1,184 
2,163 
2,459 
2,900 
2,832 
3,150 

2,725 
2,790 
2,835 
2,926 
2,860 
2,896 

2,855 
2,913 
2,973 
3,007 
3,158 
3,150 



Monej 
Suppl: 



1,08* 
1,563 
3,152 
3,514 
3,99( 
3,94' 
4,33! 

3,81i 
3,89' 
3,93.' 
4,05: 
3,971 
4,031 

4,00: 
4,04; 
4,15 
4,20 
4,32 
4,33 



(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



(5) Chartered banks' Canadian dollar deposits of provincial governmei, 
Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end return 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shosvn on published month- 
statements — i.e. excluding Dominion Government, chartered ba 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the amoun 
foreign currency deposit liabilities. 



i 


JANUARY 1949 










U 


D BANKS 












h 


via 














\SSETS 






Loans 


Total 

Assets 




tal 


CANADA 


ABROAD 




Call 


Current 
Public 


Current 
Other 


Call 


Current 




199 


267 


1,343 


112 


301 


248 


3,528 


196 


117 


1,032 


165 


84 


172 


2,869 


1126 


107 


732 


117 


68 


165 


3,317 




4187 


132 


1,223 


44 


87 


155 


7,430 




4 08 


104 


1,693 


54 


76 


198 


7,811 




4 20 


81 


1 ,923 


75 


74 


234 


8,140 




3 '72 


77 


1,891 


62 


58 


236 


7,825 




3 68 


70 


1,861 


72 


73 


224 


7,775 




4 36 


65 


1,844 


77 


76 


222 


7,949 




4 72 


76 


1,851 


79 


74 


221 


8,010 




4 66 


80 


1 ,858 


67 


74 


224 


8,033 




4 43 


84 


1,867 


63 


80 


231 


8,106 




4 54 


77 


1,877 


71 


71 


235 


7,996 




409 


77 


1,878 


80 


77 


239 


8,182 




185 


76 


1,931 


93 


70 


244 


8,323 




4 56 


97 


2,011 


99 


71 


241 


8,324 




4.12 


96 


2,129 


72 


80 


250 


8,579 




4.68 


101 


2,077 


71 


78 


240 


8,580 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


_ Note (s) 
Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1 ,053 


1948 


738 


6,377 


11.6 


1,006 


Jan .-1948 


690 


6,299 


11.0 


1,008 


Feb. 


682 


6,251 


10.9 


1,023 


Mar. 


712 


6,375 


11.2 


1,029 


Apr. 


706 


6,444 


11.0 


1 ,030 


May 


699 


6,427 


10.9 


1,037 


June 


683 


6,557 


10.4 


1,053 


July 


696 


6,546 


10.6 


1,056 


Aug. 


717 


6,582 


10.9 


1,081 


Sept. 


735 


6,805 


10.8 


1,107 


Oct. 


755 


6,940 


10.9 


1,099 


Nov. 


723 


6,966 


10.4 


1,105 


Dec. 



I jures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
]|Vnk of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 1944, an approximate figure only. 

EATED BANK ASSETS 







RELAT 


ED BANK OF CANADA AND CHARTERED BANKS ASSETS 


Million. 


; of Dollars 




Dominion 


Government Securities. Gold and 


Exchange 
























All other 
Loans 
and 
Invest- 
ments 

(13) 


Deduct 

Inactive 

Notice 

Deposits 

(14) 


Total 




Bank of«> 
Canada 
Gold and 
Exchange 


Banking' 9 ' 
Securities 


Other Govt. Securities 


Total 


Deduct 

Govt. 

Deposits 

(12) 


Net 
Total 


Related 
Bank 
Assets 




Bonds' 10 ' 


Victory"" 

Loan 
Advances 


Total 


at Dec. 31 
























1938 


214 


196 


753 


- 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


1940 


38 


743 


737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


1944 


- 


2,321 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


1945 


- 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


1946 


- 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 


1947 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


1948 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


1 8-Jan. 


- 


832 


3,706 


- 


3,706 


4,538 


272 


4,266 


3,020 


3,215 


4,071 


Feb. 


- 


882 


3,655 


- 


3,655 


4,537 


137 


4,400 


2,995 


3,261 


4,134 


Mar. 


- 


1,068 


3,512 


- 


3,512 


4,580 


111 


4,469 


3,000 


3,298 


4,171 


Apr. 


- 


1,158 


3,558 


- 


3,558 


4,716 


128 


4,588 


3,015 


3,322 


4,281 


May 


- 


1,175 


3,591 


- 


3,591 


4,766 


251 


4,515 


3,020 


3,326 


4,209 


June 


- 


1,178 


3,645 


- 


3,645 


4,823 


294 


4,529 


3,036 


3,308 


4,257 


July 


- 


1,138 


3,660 


- 


3,660 


4,798 


276 


4,522 


3,055 


3,331 


4,246 


Aug. 


- 


1,152 


3,709 


- 


3,709 


4,861 


287 


4,574 


3,078 


3,368 


4,284 


Sept. 


- 


1,142 


3,747 


- 


3,747 


4,889 


241 


4,648 


3,138 


3,403 


4,383 


Oct. 


- 


1,125 


3,801 


- 


3,801 


4,926 


331 


4,595 


3,236 


3,393 


4,438 


Nov. 


- 


1,145 


3,788 


- 


3,788 


4,933 


286 


4,647 


3,375 


3,435 


4,587 


Dec. 


— 


1,138 


3,834 


— 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 



('• 3ank ot Canada and Chartered bank holdings of Dominion Government 
Treasury Bills. Deposit Certificates, Treasury notes and any other 
hort term issues sold direct to Bank of Canada and chartered bunks. 

1 II sank of Canada and chartered bank holdings of Dominion Government 
lirect and guaranteed securities other than those shown as banking 
Issues and ixJusivi of any temporary advances in connection with 
mrcliase of Victory Loan issues. 

(11 chartered banks' temporary advances to the public in connection 
vith the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Dominion Government at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



JANUARY 1949 



IV— BOND ISSUES AND RETIREMENTS 

Par Values in Millions of Canadian Dollars* Bank °f Canada 





I-Dominion Direct & Guaranteed 
and Other G.N.R.t 




II-Provincial Direct and Guaranteed 








Net New 
Issues or 


New Issues 


Retirements 


Net New 








Retirements 




New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1939 


211.0 


233.3 


22.3 




113.2 


40.5 


33.5 


40.0 


80.1 


1940 


601.4 


301.9 


299.5 




79.5 


89.6 


81.4 


28.1 


59.6 


1941 


934.5 


397.6 


536.9 




30.4 


51.5 


66.5 


34.0 


18.6 


1942 


2,072.7 


534.4 


1,538.3 




13.8 


129.6 


133.0 


44.9 


34.6 


1943 


3,047.8 


590.2 


2,457.6 




47.3 


101.1 


106.3 


60.1 


18.0 


1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.2 


66.4 


1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137.4 


69.0 


28.3 


1946 


913.5 


866.1 


47.4 




59.6 


73.4 


68.7 


82.4 


18.1 


1947 


371.4 


641.5 


270.1 




147.2«>w 


125.0 


123.0 


84.1 


65.1 U)(J) 


194S 


1,424.3 


1,634.8 


210.5 




229.1 


95.7 


92.4 


44.4 


188.0 


Last Half 




















1945 


2,046.4 


114.6 


1,931.8 




23.9 


90.1 


109.3 


36.3 


31.5 


1946 


896.8 


457.1 


439.7 




29.6 


42.3 


50.3 


43.1 


21.5 


1947 


• 283.4 


178.7 


104.6 




43.1 a) 


52.9 


71.7 


48.9 


24.5 (3) 


1948 


914.1 


932.9 


18.8 




156.2 


42.4 


73.1 


11.7 


113.7 


Last Quarter 




















1945 


2,036.4 


104.0 


1,932.4 




.3.5 


61.0 


70.9 


20.7 


27.1 


1946 


890.4 


446.6 


443.8 




12.2 


12.5 


11.0 


17.5 


3.8 


1947 


273.0 


145.9 


127.1 




35.6 (3) 


50.6 


31.0 


23.3 


31.9 (3) 


1948 


761.0 


749.1 


11.9 




113.6 


37.9 


44.5 


6.8 


100.1 





III-CORPORATIONS 




New 1 


SSUES 


Retirements 


Net New 












Issues or 
Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1939 


36.1 


201.4 


202.0 


68.7 


33.3 


1940 


36.8 


18.3 


17.7 


94.6 


57.2 


1941 


17.5 


3.8 


3.8 


81.4 


63.9 


1942 


7.9 


39.1 


41.8 


80.2 


75.0 


1943 


22.7 


38.9 


38.9 


84.3 


61.7 


1944 


51.1 


95.5 


95.5 


89.4 


38.3 


1945 


79.1 


107.3 


110.2 


76.1 


- 


1946 


123.2 


460.5 


460.1 


124.8 


1.2 


1947 


263.0 


203.1 


197.3 


148.2 


120.5 


1948 


254.7 


17.9 


23.7 


54.2 


194.7 


Last Half 












1945 


61.8 


13.1 


21.9 


24.8 


28.1 


1946 


46.6 


182.6 


211.6 


51.5 


33.9 


1947 


163.7 


24.3 


23.0 


89.9 


75.1 


1948 


113.7 


4.9 


7.9 


24.8 


85.9 


Last Quarter 












1945 


31.9 


2.0 


2.4 


13.6 


17.9 


1946 


17.4 


41.9 


98.6 


21.0 


60.3 


1947 


124.6 


15.4 


6.3 


13.5 


120.2 


1948 


59.5 


3.3 


1.3 


10.1 


51.5 



I+II+I1I 



Net New 

Issues or 

Retirements 



24.6 

301.9 

454.4 

1,428.7 

2,377.9 

2,519.8 

3,475.5 

28.1 

84.5 

172.2 

1,928.3 
384.4 
155.3 
180.8 

1,923.2 
379.7 
279.2 
163.5 



IV-Dominion Treasury Bills. 


Deposit Certificates and Short- 


Term Notes Sold Directly to Bank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


200 


470 


315 


785 


290 


1,075 


633 


1,708 


535 


2,243 


248 


2,491 


695 


1,796 


250 


1,546 


346 


1,200 


100 


1,300 


640 


1,796 


250 


1 ,546 


280 


1,200 


- 


1,300 


480 


1,796 


295 


1,546 


120 


1,200 


- 


1,300 



* Issues payable in Foreign Currency are included at the par of exchange up to Sept. IS, 1939. but thereafter conversion is made on the basis of the official rate: 
of the Foreign Exchange Control Board. f Does not include refundable tax changes which were (in millions of dollars) 70, 155, 219, 70, 27 and 85 Iron 

1943 to 1948 respectively. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury Bills are excluded. Dominion Treasur; 

Bills, Deposit Certificates and short-term notes sold directly to Bank of Canada and the chartered banks are not included in Heading I but are shown separate!] 
in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious institutions was possible. However, the net re 
duction of total municipal bonded debt has been (in millions of dollars) approximately 39, 30, 46, 61, 53, 27, 43 and 5 in the years 1939 to 1946 respectively 
Before the transfer to the Quebec Municipal Commission of certain school debt, the estimated net increases in 1947 and 1948 were 28 and 52. (2) Befon 

Hiving effect to the issue of SI 12.2 million of Quebec Hydro debentures in connection with retirement of Montreal Light Heat & Power stock. (3) Befor' 

giving effect to the issue of S63.2 million of Quebec Municipal Commission bonds re transfer of the debt of certain school corporations. 

Footnotes to table on opposite page, BONDS OUTSTANDING 
(1) Provincial Treasury Bills are excluded. (2) Figures for the gross amount of bonds outstanding are compiled from latest official sources adjusted to 31 Decembe 
1948, by subsequent known issues and redemptions; when full details regarding these become available minor revisions may be necessary. (3) Including issues payabl 
in Canada or London. (4) Figures for guaranteed issues are approximate in some cases for which full particulars are not available. (5) Comprises unmatured funde 
debt. Redemption bonuses on the First War Loan and the First, Second and Third Victory Loans, Treasury Bills, Deposit Certificates, War Savings Certificate.- 
and Non-Interest Bearing Certificates are included; the estimated amount of the refundable portion of personal income tax and excess profits tax is also includec 
(6) Revalued at $4.03 to the pound. (7) C.N.R. issues guaranteed by the provinces, being included under the C.N. R. heading, are excluded from provincial heading 



JANUARY 1949 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 



a) 



Par Values in 


Millions c 


DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
i Canadian Dollars* AND CORPORATION BONDS 










NEW ISSUES were payable in: 


Retirements 


were payable in: 




Net Increase or 

Net Decrease 

In Bonds Outstand- 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


ing Payable: 




in Canada 
only 


Abroad 


Calendar Years 

1939 


470.0 


83.4 


48.5 


.2 


602.1 


249.1 


21.0 


119.5 


86.7 


101.2 


577.5 


220.9 


196.3 


1940 


820.1 


5.2 


.2 


.1 


825.6 


323.5 


7.1 


19.8 


10.9 


162.4 


523.7 


496.6 


194.7 


1941 


1,023.3 


14.0 


- 


.4 


1,037.7 


326.7 


29.8 


18.0 


21.4 


187.4 


583.3 


696.5 


242.1 


1942 


2,231.9 


30.1 


.6 


.4 


2,263.1 


406.4 


12.6 


49.3 


97.6 


268.6 


834.4 


1,825.5 


396.9 


1943 


3,113.9 


143.3 


.2 


.4 


3,257.8 


526.4 


260.6 


52.3 


21.8 


18.7 


879.9 


2,587.5 


209.5 


1944 


3,269.9 


83.8 


15.1 


1.3 


3,370.2 


635.1 


27.6 


63.5 


100.6 


23.6 


850.4 


2,634.8 


115. 1 


1945 


3,873.6 


49.0 


77.9 


.4 


4,000.9 


283.1 


73.2 


52.0 


101.0 


16.1 


525.4 


3,590.5 


115.0 


1946 


1,454.2 


171.1 


4.8 


.1 


1,630.2 


1,101.8 


317.5 


109.4 


58.1 


15.2 


1,602.1 


352.4 


324.3 


1947 


1,097.6 


5.5 


6.6 


- 


1,109.7 


933.3 


66.5 


60.6 


104.7 


29.1 


1,194.2 


164.4 


248.8 


1948 


1,731.7 


290.0 


- 


- 


2,021.7 


1,663.2 


160.4 


18.7 


5.1 


2.0 


1,849.4 


68.5 


103.7 


Last Half 
1945 


2,179.4 


22.1 


33.7 


.2 


2,235.3 


194.8 


67.3 


26.5 


6.5 


11.8 


307.0 


1,984.6 


56.2 


1946 


1,138.8 


54.5 


4.8 


- 


1,198.1 


638.0 


92.7 


30.4 


46.8 


5.7 


813.7 


500.7 


116.4 


1947 


565.8 


- 


1.6 


- 


567.5 


337.7 


22.2 


22.5 


14.7 


15.1 


412.2 


228.1 


72.8 


1948 


1,081.2 


150.0 


- 


- 


1,231.2 


889.6 


151.3 


7.0 


1.7 


.8 


1,050.4 


191.6 


10.8 


Last Quarter 

1945 


2,083.9 


22.1 


28.8 


.1 


2,134.8 


131.5 


46.4 


23.4 


3.1 


7.1 


211.6 


1,952.3 


29.1 


1946 


974.5 


- 


- 


- 


974.5 


520.2 


9.5 


19.3 


44.0 


1.7 


594.8 


454.3 


74.6 


1947 


497.5 


- 


1.6 


- 


499.1 


205.6 


7.5 


3.8 


1.6 


1.5 


220.0 291.9 


12.7 


1948 


975.2 


— 


— 


— 


975.2 


802.1 


2.6 


5.1 


1.6 


.4 


811.71 173.2 


9.7 



For footnotes see opposite page. 



V— BONDS OUTSTANDING 

DOMINION, C.N.R., PROVINCIAL, MUNICIPAL AND CORPORATION BONDS (U 
GROSS AMOUNT OUTSTANDING AS AT 31st DECEMBER, 1948(2) 



Par Values in Millions of Dollars, with £ converted at $4.86% 





Payable in: 




Canada 

only 


New York 
only 


Canada or 
New York 


Canada, 
New York 
or London 


(3) 

London 


Total 


Dominion -Direct 


(5) 

15,668.5 

.8 

140.2 

57.8 

14.3 

100.5 

1.2 

104.5 
2.0 

321.7 
227.5 
417.7 
236.8 
30.5 
1.5 

93.0 
.3 

16.9 

77.1 
4.2 

751.1 

1,451.5 


298.0 
7.9 

5.0 

74.9 

283.8 


64.1 
.5 

23.2 

28.7 

60.0 
1.6 

14.9 
4.7 

25.5 

37.2 

69.0 

44.7 
.3 

79.0 

14.7 


28.4 
273.4 

18.8 

16.8 

173.1 
8.0 
3.5 

2.5 

18.3 

4.0 

.9 

29.4 

8.4 


*6) 

9.2 

14.1 
2.0 
6.3 

.8 
7.0 

5.7 

8.6 

5.6 

4.1 
7.3 
2.4 

49.3 

348.3 


(5) 

15,975.7 

29.2 

491.8 

2.0 

91.3 

14.3 
124.5 

1.2 
140.2 

2.0 

404.2 
229.1 
605.7 
254.5 
68.1 
1.5 

138.3 

.3 

108.3 

133.1 

7.8 

983.7 

2,106.7 


-Gtd. other than C.N.R. 
C.N.R. -Gtd. by Govt, of Can. 

-Gtd. by Provs 

-Unguaranteed 

P.E.I. —Direct 

Nova Scotia —Direct 

—Gtd 


New Brunswick — Direct 

—Gtd 

Quebec —Direct 

—Gtd 


Ontario —Direct 

—Gtd 


Manitoba —Direct 

—Gtd 


Saskatchewan — Direct 

—Gtd 


Alberta —Direct 

British Columbia— Direct 

— Gtd."> 

Municipal —Direct & Gtd. 

Corporation 




Total 


19,719.6 


669.6 


468.1 


585.5 


470.7 


21,913.5 



For footnotes see opposite page. 



Contra Sinking Fund 


Investments, (4) 


book value as at latest 




available date 




1.8 


Mar. 31, 


1948 


15.9 


Nov. 30, 


1947 


19.8 


Oct. 31, 


1947 


.2 


Oct. 31, 


1947 


79.1 


Mar. 31, 


1948 


33.0 


Mar. 31, 


1948 


1.5 


Oct. 31, 


1947 


21.2 


Mar. 31, 


1948 


43.9 


Dec. 31, 


1948 


.3 


Mar. 31, 


1947 


22.5 


Mar. 31, 


1 948 


2.3 


Dec. 31, 


1947 


133.7 


Various 







JANUARY 1949 



VI— SECURITY PRICES 

Bank of Canada 



Dominion of Canada Bonds Payable in Canada Only 

Based on Middle of the Market quotations 





Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 














1948— Jan. 


100.97 


2.93 


2.79 


2.67 


2.24 


1.38 


Feb. 


100.42 


2.97 


2.79 


2.69 


2.19 


1.32 


Mar. 


99.18 


3.02 


2.98 


2.81 


2.26 


1.33 


Apr. 


99.04 


3.03 


2.98 


2.79 


2.29 


1.35 


May 


99.41 


3.02 


2.92 


2.69 


2.30 


1.38 


June 


99.34 


3.02 


2.96 


2.72 


2.32 


1.47 


July 


99.41 


3.02 


2.94 


2.68 


2.26 


1.44 


Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 


Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 


Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 



1 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for J si and 15th of each month 



1936-49 




10% 



14% 



I 8% 



22% 



2.6% 



30% 



3.4% 



3 8% 



1936 1937 I93S 1939 1940 1941 1942 1943 1944 1941 1940 1947 1948 1949 

(1) Prior to 1940 figures are for the 1st of month. (2) 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. (3) Jan. IS. 



3.8% 



JANUARY 1949 









VI— SECURITY 


PRICES 
















Bank of Canada 












Government Bonds 


3 Month Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada"' 


U. K.«> 


U.S A.»> 




















Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


.411 


.509 


1.037 


Monthly 

1947— Sept. 


104.86 


2.58 


100.11 


2.99 


104.35 


2.18 


.407 


.511 


.789 


Oct. 


104.81 


2.59 


101.87 


2.81 


103.84 


2.22 


.410 


.505 


.827 


Nov. 


104.75 


2.59 


102.44 


2.75 


102.44 


2.32 


.408 


.507 


.912 


Dec. 


104.75 


2.59 


100.82 


2.92 


101.99 


2.35 


.409 


.511 


.948 


1948— Jan. 


102.25 


2.80 


100.92 


2.90 


101.03 


2.42 


.410 


.514 


.976 


Feb. 


101.85 


2.83 


101.00 


2.90 


101.03 


2.42 


.410 


.503 


.994 


Mar. 


100.27 


2.98 


101.30 


2.86 


101.10 


2.42 


.410 


.506 


.997 


Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


All 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.52'° 


2.61 w 


101.60 


2.37 


.411 


.519 


1.160 



(1) Dominion of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. IS. 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. (4) Jan. 1-14. 



(3) U.S. Treasury 2]4% due Dec. 15. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA. U.K. 

Daily Opening Quotations 



& U.S.A.: 1948-49 




JAN. FEB. MAR. APR. MAY JUNE JULY AUG- SEPT, OCT. NOV DEC . JAN FEB MAR 

1948 1949 

* Security is not eligible for commercial banks before Dec. 1, 1952. (1) Jan. 14. 



^*l 



JANUARY 1949 



VII— GOVERNMENT BOND YIELDS 

Bank of Canada 



1948 



Jan. 1st 



Mar. 31st 



June 30th 



Sept. 30th 



Dec. 31st 



Government of Canada 



3% 
3% 
3% 

4% 



74 70 

4H% 
4H% 



Internal Issues 

due Nov. 1, 1950 

due Mar. 1, 1952/54.. 
due Jan. 1, 1956/59... 
due Sept. 1, 1961/66.. 

New York Issues 
due Oct. 1, 1950/60 ... 
due Jan. 15, 1956/61. 

due Sept. 1, 1951* 

due July 1, 1957* 



1.42 
1.80 
2.35 
2.60 

2.48 
2.74 
2.76 
3.01 



1.44 
2.18 
2.84 
2.98 

2.34 

2.68 
2.35 
2.97 



1.57 
2.18 
2.70 
2.94 



28 
69 
20 

82 



1.53 
2.10 
2.75 
2.98 

2.20 
2.71 

2.24 
2.87 



1.64 
2.02 
2.67 
2.93 

2.02 
2.51 
2.08 
2.68 



United States Government 



l}4% due Dec. 15, 1950 

2}/ 2 % due Mar. 15, 1952/54 
23^2% due Mar. 15, 1956/58 
2Y 2 % due Dec. 15, 1967/72... 



1.40 
1.72 
2.13 

2.48 



1.35 
1.62 
2.01 

2.48 



1.34 
1.58 
1.98 

2.48 



1.39 
1.71 
2.04 

2.48 



1.36 
1.58 
1.93 

2.47 



United Kingdom Government 



\%% due Feb. 15, 1950 

2]/ 2 % due Mar. 1, 1952/54... 

3% due Oct. 15, 1955/59 .... 

3% due Aug. 15, 1965/75. 



1.45 
2.50 
2.80 
2.98 



1.24 
2.17 
2.53 
3.03 



1.17 
1.95 
2.38 
3.03 



1.19 
1.88 
2.34 
2.96 



1.24 
1.74 
2.18 
2.86 



* Canadian National Railways (Guaranteed by Canada) 



VIII— STOCK EXCHANGE STATISTICS 
MONTREAL AND TORONTO STOCK EXCHANGES 

Stock Exchange Bulletins 















Common Stock 


Price IndexesU) 








Member Borrowings (2) 
on Canadian Collateral 


Market Value of (2) 
All Listed Stocks 










Value o 
Traded du 


? Shares 




Montreal Stock 


Toronto Stock 


{ing Month 
























Millions of Dollars 


Millions 


of Dollars 


1926 


= 100 


1933 


= 100 


Millions of Dollars 




(l) 


(i) 


(i) 


(l) 


0) 


20 


10 


20 


10 


(1) 


(l) 




Montreal 


Toronto 


Total 


Montreal 


Toronto 


Industrials 


Utilities 


Golds 


Base Metals 


Montreal 


Toronto 


Average of 
























Monthly Figuers 
























1938 


15.5 


23.7 


39.3 


4,979 


4,768 


78 


65 


119 


88 


22.9 


37.0 


1942 


5.5 


7.8 


13.2 


3,633 


3,356 


57 


43 


65 


63 


3.7 


4.9 


1946 


22.5 


31.5 


54.0 


7,464 


7,521 


133 


78 


117 


93 


39.2 


62.4 


1947 


19.0 


31.0 


50.0 


7,287 


7,136 


123 


77 


110 


85 


24.3 


38.7 


1948 


18.5 


29.9 


48.4 


7,385 


7,308 


127 


74 


91 


97 


27.8 


36.6 


Monthly 
























1947— Sept. 


18.8 


32.1 


50.9 


7,263 


7,027 


119 


76 


115 


82 


21.7 


51.5 


Oct. 


22.8 


34.2 


57.0 


7,310 


7,092 


122 


76 


114 


84 


33.3 


37.5 


Nov. 


24.2 


36.1 


60.3 


7,214 


7,226 


127 


76 


115 


86 


33.0 


40.3 


Dec. 


25.4 


34.4 


59.8 


7,174 


7,198 


125 


74 


106 


86 


21.1 


32.0 


1948— Jan. 


19.8 


32.6 


52.4 


7,002 


7,068 


122 


74 


100 


89 


23.4 


29.8 


Feb. 


17.7 


31.1 


48.8 


6,880 


6,800 


114 


72 


100 


84 


21.5 


30.8 


Mar. 


15.3 


25.1 


40.5 


6,955 


6,849 


112 


72 


98 


83 


21.5 


29.1 


Apr. 


15.9 


26.7 


42.6 


7,266 


7,286 


123 


73 


92 


93 


37.3 


43.6 


May 


17.4 


30.5 


47.9 


7,808 


7,713 


131 


75 


94 


101 


44.4 


55.8 


June 


19.4 


29.8 


49.2 


7,661 


7,543 


134 


77 


88 


102 


31.9 


43. S 


July 


19.3 


29.1 


48.4 


7,410 


7,336 


132 


76 


85 


99 


21.6 


27.9 


Auk- 


18.7 


29.5 


48.2 


7,469 


7,343 


128 


75 


86 


98 


15.0 


19.3 


Sept. 


19.8 


31.7 


51.5 


7,470 


7,196 


129 


73 


89 


99 


20.8 


28.5 


Oct. 


IS. 6 


31.3 


49.9 


7,648 


7,590 


132 


74 


88 


105 


31.4 


37.9 


Nov. 


IX. 6 


30.5 


49.1 


7,524 


7,470 


132 


75 


83 


109 


40.6 


53.4 


Dec. 


21.4 


30.4 


51.9 


7,532 


7,503 


131 


74 


86 


106 


24.3 


38.7 



(1) Including Curb Market. (2) Month-end figures. (3) Monthly Average of daily closing index. 



JANUARY 1949 



10 









IX- 


BUSINESS ACTIVITY 

Dominion Bureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 


Central 
Electric 
Stations* 21 


Index 

(j) 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 

15 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals ' 

1932 


3,044 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 





1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1946 


2,833 


96 


2,335 


4,143 


31,063 


213 


3,690 


218.0 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,447 


37,376 


197 


3,957 


251.4 


123.0 


172.6 


1948 


3,475* 


130* 


3,202 


4,601 


40,664 


373 


4,060 


284.0 


128.2 


199.5 


Monthly 






















1947— Nov. 


252.2 


9.9 


255.4 


364.5 


3,227 


20.2 


356 


310.6 


129.5 


189.7 


Dec. 


274.8 


11.5 


249.8 


368.9 


3,389 


13.4 


321 


240.2 


130.7 


193.9 


1948— Jan. 


273.4 


10.8 


256.7 


371.6 


3,397 


15.0 


317 


254.0 


126.9 


178.4 


Feb. 


261.6 


9.7 


239.6 


344.6 


3,178 


15.1 


286 


259.3 


124.0 


185.7 


Mar. 


287.7 


10.5 


286.0 


387.7 


3,473 


20.5 


324 


297.8 


123.7 


189.3 


Apr. 


286.1 


13.2 


264.3 


385.6 


3,324 


33.2 


334 


279.1 


122.2 


184.8 


May 


287.1 


11.4 


289.6 


388.5 


3,459 


51.8 


325 


278.9 


122.1 


188.0 


June 


290.0 


10.4 


259.4 


382.9 


3,337 


40.9 


342 


259.1 


125.9 


195.4 


July 


296.2 


10.4 


244.9 


391.5 


3,361 


38.3 


337 


267.0 


129.7 


203.5 


Aug. 


305.4 


9.0 


263.1 


389.1 


3,414 


44.5 


344 


285.8 


131.6 


207.2 


Sept. 


294.9 


9.8 


257.9 


376.1 


3,369 


34.1 


378 


298.8 


132.2 


209.3 


Oct. 


306.9 


10.3 


281.9 


399.8 


3,544 


32.1 


388 


312.4 


133.1 


215.7 


Nov. 


311.3 


12.7 


278.0 


397.3 


3,392 


29.8 


370 


330.9 


133.3 


218.0 


Dec. 






280.5 


385.8 


3,415 


17.8 


316 


284.5 


133.7 


218.7 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries. 

(4) Average of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Nov. 1948. 



First of month figures. 



PRODUCTION OF STEEL INGOTS AND CASTINGS 



THOUSANDS OF SHORT TONS 

3500 



3000 



THOUSANDS OF SHORT TONS 

3500 



3000 



2500 



2000 



2500 



2000 




1500 



1000 



1500 



1000 



1929 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 



11 



JANUARY 1949 



X— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistics™ Board of Trade™ 



U.S.A. 

Bureau of Labor Statistics™ 





Farm 
Products 

* 


Raw 
Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 

1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


171.0 


151.5 


143.0 


129.8 


141.0 


1947 


183.5 


180.6 


162.7 


154.2 


167.4 


1948 


223.4 


215.9 


202.4 


184.0 


198.7 


Monthly 

1947-Oct. 


187.5 


192.1 


176.3 


167.7 


180.7 


Nov. 


192.8 


197.1 


183.1 


172.7 


184.8 


Dec. 


200.1 


200.8 


185.6 


173.5 


186.1 


1948-Jan. 


212.3 


205.1 


195.1 


179.4 


190.5 


Feb. 


210.1 


203.6 


195.5 


180.3 


191.1 


Mar. 


211.0 


203.7 


195.6 


179.6 


190.5 


Apr. 


215.7 


207.5 


198.0 


180.6 


192.6 


May 


222.0 


210.9 


199.7 


180.6 


194.6 


June 


232.7 


215.6 


205.7 


180.8 


197.0 


July 


233.7 


214.0 


205.3 


182.0 


197.1 


Aug. 


232.2 


224.9 


206.9 


188.2 


204.7 


Sept. 


230.2 


225.0 


206.6 


189.0 


205.2 


Oct. 


226.7 


226.7 


207.0 


189.0 


206.5 


Nov. 


226.5 


227.5 


206.9 


189.1 


207.1 


Dec. 


227.6 


226.3 


207.0 


189.2 


206.9 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


175.7 


200.7 


179.4 


204.1 


180.4 


204.9 


182.9 


213.6 


190.1 


218.2 


189.8 


218.7 


191.4 


220.8 


191.5 


222.0 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.6 


249.6 


228.1 


224.7 


182.6 


196.6 


247.2 


228.5 


224.9 


184.1 


198.0 


258.8 


237.0 


225.5 


187.1 


202.5 


262.1 


239.5 


227.4 


190.6 


205.6 


243.8 


227.7 


218.0 


186.6 


199.6 


244.7 


227.5 


219.7 


188.2 


200.2 


245.7 


228.5 


223.4 


190.3 


202.0 


248.8 


231.2 


224.3 


191.4 


203.3 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.3 


233.3 


224.1 


215.2 


190.2 


201.2 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926= 100. 

(2) Adjusted to 1935-39= 100 from base 1913 = 100 in 1929 and from base 1930= 100 thereafter. 

(3) Adjusted to 1935-39= 100 from base 1926= 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". 



WHOLESALE PRICES : FARM PRODUCTS AND MANUFACTURES 



INDEX 1935-39=100 

300 



INDEX 1935- 




1942 



1943 



1944 



1945 



1946 



1947 



1948 



£2) 



1939 1940 1941 

D.B.S. Index of "Canadian farm products". 
D.B.S. Index of "Fully and chiefly manufactured materials". 

Wheal price used in the index is the initial payment to farmers including the 20 cent per bushel participation payment effective April, 1948 and 
made retroactive to August 1945. 



IflA. 



JANUARY 1949 



12 



Index 1935-39 = 100 



XI— COST OF LIVING* : CANADA 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1947— Aug. 


160.6 


118.6 


145.5 


117.8 


143.7 


117.2 


136.6 


Sept. 


165.3 


121.1 


152.0 


117.8 


147.4 


117.5 


139.4 


Oct. 


171.3 


121.9 


154.2 


119.9 


149.9 


117.6 


142.2 


Nov. 


173.6 


122.6 


157.0 


119.9 


151.4 


118.2 


143.6 


Dec. 


178.7 


120.3 


159.3 


119.9 


154.9 


119.8 


146.0 


1948— Jan. 


182.2 


120.4 


161.2 


119.9 


158.4 


122.6 


148.3 


Feb. 


186.1 


120.1 


165.1 


119.9 


159.9 


122.8 


150.1 


Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 



•Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1,000-$!, 600 most common. 



rS 



Index 1935-39 = 100 






1 



XII— COST OF LIVING* 

Bureau of Labor Statistics 



U.S.A. 





Food 


Fuel, Elec- 
tricity & Ice 


Apparel 


Rent 


House- 
furnishings 


Miscellaneous 


Total 
Index 


Average of months 
















1929 


132.5 


112.5 


115.3 


141.4 


111.7 


104.6 


122.5 


1932 


86.5 


103.4 


90.8 


116.9 


85.4 


101.7 


97.6 


1937 


105.3 


100.2 


102.8 


100.9 


104.3 


101.0 


102.7 


1946 


159.6 


112.4 


160.2 


108.6 


159.2 


128.8 


139.3 


1947 


193. S 


121.2 


185.8 


111.2 


184.4 


139.9 


159.2 


1948 


210.2 


133.9 


198.0 


117.4 


195.8 


149.9 


171.2 


15th of Month 
















1947— Sept. 


203.5 


124.6 


187.6 


113.6 


187.5 


140.8 


163.8 


Oct. 


201.6 


125.2 


189.0 


114.9 


187.8 


141.8 


163.8 


Nov. 


202.7 


126.9 


190.2 


115.2 


188.9 


143.0 


164.9 


Dec. 


206.9 


127.8 


191.2 


115.4 


191.4 


144.4 


167.0 


1948— Jan. 


209.7 


129.5 


192.1 


115.9 


192.3 


146.4 


168.8 


Feb. 


204.7 


130.0 


195.1 


116.0 


193.0 


146.4 


167.5 


Mar. 


202.3 


130.3 


196.3 


116.3 


194.9 


146.2 


166.9 


Apr. 


207.9 


130.7 


196.4 


116.3 


194.7 


147.8 


169.3 


May 


210.9 


131.8 


197.5 


116.5 


193.6 


147.5 


170.5 


June 


214.1 


132.6 


196.9 


117.0 


194.8 


147.5 


171.7 


July 


216.8 


134.S 


197.1 


117.3 


195.9 


150.8 


173.7 


Aug. 


216.6 


136.8 


199.7 


117.7 


196.3 


152.4 


174.5 


Sept. 


215.2 


137.3 


201.0 


118.5 


198.1 


152.7 


174.5 


Oct. 


211.5 


137.8 


201.6 


US. 7 


198.8 


153.7 


173.6 


Nov. 


207.5 


137.9 


201.1 


1 L8.8 


19S.7 


153.9 


172.2 


Dec. 


205.0 


137.8 


200.4 


1 19.5 


19S.6 


154.0 


171.4 



* Consumers' price index. Changes in the prices of goods and services are weighted 
$1,524 in 1934-36. 



by 1934 36 average expenditures of families whose incomes averaged 



13 



JANUARY 1949 



XIII— CASH INCOME FROM THE SALE OF FARM PRODUCTS 



Millions of Dollars 






Dominion Bureai 


( of Statistics 














B\ 


PRODUCTStt 






BY REGIONStt 






Total 






















Certain 

Govt. 
Payments 

** 


(Incl. 

Certain 

Govt. 

Payments) 




Field 
Crops 


Livestock 


Dairy 

Products 

Poultry & 

Eggs 


All 
Other 


Total 


Maritimes 


Ontario 

and 
Quebec 


Western 
Provinces 


Total 


Calendar Years 
























1926 


561 


193 


164 


40 


958 


38 


351 


569 


958 


- 


958 


1929 


482 


215 


187 


42 


927 


38 


367 


522 


927 


- 


927 


1933 


191 


84 


100 


22 


397 


23 


177 


197 


397 


- 


397 


1934 


232 


112 


116 


26 


485 


26 


206 


253 


485 


- 


485 


1935 


231 


130 


122 


28 


511 


27 


219 


265 


511 


- 


511 


1936 


254 


155 


138 


31 


578 


29 


257 


292 


578 


- 


578 


1937 


263 


195 


150 


38 


646 


36 


302 


308 


646 


- 


646 


1938 


293 


164 


169 


38 


664 


34 


309 


321 


664 


- 


664 


1939 


332 


185 


166 


39 


722 


32 


319 


371 


722 


10 


732 


1940 


291 


245 


183 


47 


766 


40 


354 


372 


766 


2 


768 


1941 


312 


321 


230 


51 


914 


48 


431 


435 


914 


28 


942 


1942 


348 


373 


317 


63 


1,101 


58 


530 


513 


1,101 


55 


1,156 


1943 


516 


447 


367 


80 


1,410 


71 


586 


752 


1,410 


31 


1,441 


1944 


824 


514 


400 


90 


1,828 


75 


627 


1,127 


1,828 


18 


1,846 


1945 


653 


526 


422 


93 


1,695 


79 


689 


926 


1,695 


6 


1,701 


1946 


709 


504 


443 


96 


1,753 


87 


725 


941 


1,753 


17 


1,770 


1947 


848 


524 


494 


124 


1,991 


90 


842 


1,058 


1,991 


12 


2,002 


12 months ending 
























Sept. 1948 


1,062 


711 


570 


128 


2,471 


105 


999 


1,367 


2,471 


17 


2,489 


9 months ending 
























Sept. 1946 


418 


343 


326 


60 


1,147 


60 


525 


563 


1,147 


16 


1,164 


Sept. 1947 


511 


321 


370 


80 


1,282 


58 


591 


634 


1,282 


10 


1,292 


Sept. 1948 


725 


508 


446 


84 


1,763 


73 


747 


943 


1,763 


16 


1,779 



ft Includes amounts paid on account of wheat participation certificates, the oats and barley equalization payments and those Dominion and Provincial 

Government payments which farmers receive as subsidies to prices. 
** Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. 



MILLIONS OF DOLLARS 

2500 



2000- 



CASH INCOME FROM THE SALE OF FARM PRODUCTS 

BY PRODUCTS annual totals BY REGIONS 



MILLIONS OF DOLLARS 

2500 



2000 



1500 



1500 




1000 



1000 






t Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance and the Prairie Farm Income Act. 
* Last figure plotted 12 months ending Sept. 1948. 



JANUARY 1949 



14 



XIV— STEAM RAILWAYS 

Dominion Bureau of Statistics 







Salaries 


Single 


Revenue Freight Traffic 


Passenger Traffic 




















Employees 


and 
Wages 


Track 
Mileage 


Train 
Miles 


Tons"' 
Carried 


Tons 
Carried 
1 Mile 


Train 
Miles 


Passengers 
Carried 


Passengers 
Carried 
1 Mile 




tliousands 


$ mm. 


miles 


millions 


millions 


192G 


174 


253 


40,350 


* 


105 


34,153 


* 


43 


2,999 


1927 


176 


267 


40,570 


* 


106 


34,902 


* 


42 


3,052 


1928 


188 


288 


41,022 


* 


119 


41,611 


* 


41 


3,141 


1929 


188 


291 


41,380 


* 


115 


35,026 


* 


39 


2,897 


1930 


174 


268 


42,046 


* 


96 


29,605 


* 


35 


2,423 


1931 


155 


229 


42,280 


* 


74 


25,707 


* 


26 


1,748 


1932 


133 


181 


42,409 


* 


61 


23,137 


* 


21 


1,436 


1933 


122 


158 


42,336 


* 


57 


21,093 


* 


19 


1,393 


1934 


127 


163 


42,270 


* 


68 


23,320 


* 


21 


1,531 


1935 


128 


173 


42,916 


* 


69 


24,235 


* 


20 


1,585 


1936 


133 


183 


42,552 


50 


76 


26,414 


33 


20 


1,726 


1937 


134 


194 


42,727 


52 


82 


26,926 


37 


22 


1,929 


1938 


128 


195 


42,742 


49 


76 


26,835 


36 


21 


1,783 


1939 


129 


200 


42,637 


52 


85 


31,465 


37 


20 


1,752 


1940 


136 


215 


42,565 


59 


98 


37,898 


37 


22 


2,176 


1941 


149 


252 


42,441 


73 


117 


49,982. 


40 


30 


3,206 


1942 


158 


291 


42,338 


77 


135 


56,154 


43 


48 


4,989 


1943 


170 


324 


42,346 


81 


153 


63,915 


46 


57 


6,525 


1944 


175 


372 


42,336 


84 


155 


65,928 


47 


60 


6,873 


1945 


181 


372 


42,352 


81 


147 


63,349 


47 


53 


6,380 


1946 


180 


397 


42,335 


78 


139 


55,310 


46 


43 


4,649 


1947 


184 


430 


42,322 


82 


153 


60,143 


45 


41 


3,733 





Rail Line Earnings 


Other"' 
Earnings 


Gross 
Earnings 


Operating 
Expenses 


Net 
Operating 




Freight 


Passenger 


Express Other 


Total 


Revenue 




millions of dollars 


1926 


356 


81 


22 


19 


478 


16 


494 


390 


104 


1927 


359 


82 


22 


20 


483 


17 


499 


408 


91 


1928 


414 


84 


23 


21 


541 


23 


564 


443 


121 


1929 


385 


80 


23 


22 


510 


24 


534 


433 


101 


1930 


323 


67 


21 


20 


430 


24 


454 


381 


74 


1931 


260 


48 


16 


17 


340 


18 


359 


321 


38 


1932 


217 


37 


13 


14 


280 


13 


293 


257 


37 


1933 


202 


32 


11 


13 


258 


12 


270 


233 


37 


1934 


227 


34 


12 


14 


288 


13 


301 


252 


49 


1935 


236 


35 


12 


14 


296 


14 


310 


204 


46 


1936 


256 


36 


13 


14 


319 


16 


335 


283 


51 


1937 


270 


39 


13 


15 


338 


17 


355 


301 


54 


1938 


256 


37 


12 


15 


320 


17 


337 


296 


41 


1939 


286 


36 


14 


15 


351 


17 


367 


304 


63 


1940 


334 


43 


19 


16 


412 


17 


429 


335 


94 


1941 


421 


60 


17 


18 


516 


22 


538 


404 


135 


1942 


503 


91 


19 


22 


636 


28 


664 


486 


178 


1943 


569 


124 


26 


26 


744 


35 


779 


561 


21S 


1944 


578 


132 


26 


26 


762 


34 


797 


635 


162 


1945 


559 


125 


28 


27 


739 


36 


775 


632 


143 


1946 


532 


100 


28 


25 


685 


34 


719 


624 


95 


1947 


608 


88 


30 


25 


751 


34 


785 


691 


94 



(1) Originated on Canadian Railways and received from foreign connections. 

(2) Includes earnings from Telegraph and Telephone, Dining and Buffet, Storage, Water line, etc. 
* Not available. 



15 



JANUARY 1949 j > 



Millions of Dollars 



XV— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTSt 





TOTAL EXPORTS (EXCLUDING GOLD) TO 


Net 




U.S.A. 


U.K. 


U.K. 
Dependen- 
cies 
(1) 


Union 

of 
South 
Africa 


Other 

British 

Countries 

(2) 


Western 

Europe & 

Colonies 

(3) 


Central 

AND 

South 
America 


All 

Other 

(4) 


Total 

All 

Countries 


Non- 
Monetary 
Gold 
Exports 


Calendar Years 

1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


96 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


99 


1948 


1,515 


719 


95 


83 


115 


310 


127 


160 


3,124 


119 


Monthly 

1947— Aug. 


83.7 


64.1 


8.6 


3.2 


19.1 


23.0 


9.0 


11.4 


222.1 


7.5 


Sept. 


89.2 


56.3 


8.9 


4.9 


14.2 


20.8 


12.7 


13.1 


220.2 


8.4 


Oct. 


104.3 


66.8 


10.3 


5.2 


15.9 


26.1 


9.2 


15.4 


253.1 


9.2 


Nov. 


94.6 


61.6 


13.6 


5.1 


15.5 


24.7 


14.7 


17.8 


247.6 


7.2 


Dec. 


107.8 


61.6 


9.7 


3.4 


13.9 


33.5 


12.4 


15.7 


258.0 


11.0 


1948— Jan. 


106.8 


71.8 


10.3 


4.2 


5.5 


24.3 


8.0 


14.3 


245.2 


9.6 


Feb. 


96.4 


61.5 


5.6 


3.2 


7.1 


22.0 


9.7 


12.3 


217.8 


8.9 


Mar. 


114.0 


61.8 


8.1 


4.4 


5.4 


17.4 


9.0 


11.2 


231.3 


8.7 


Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


9.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


8.8 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


9.6 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


10.8 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


9.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


11,9 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


9.6 


Nov. 


160.8 


58.6 


7.1 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


9.1 


Dec. 


149.4 


50.0 


8.8 


6.1 


25.7 


41.5 


16.9 


19.6 


317.9 


12.9 



Millions of Dollars 




MERCHANDISE IMPORTS 












TOTAL IMPORTS (EXCLUDING GOLD) FROM 






U.S.A. 


U. K. 
* 


U.K. 
Dependen- 
cies 

(l) 


Union 

of 
South 
Africa 


Other 

British 

Countries 

(2) 


Western 

Europe & 

Colonies 

(3) 


Central 
and 

South 
America 


All 

Other 

(4) 


Total 

All 

Countries 


Exports 

or 
Imports 


Calendar Years 

1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


610 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


325 


12-Mths. ending 






















Nov. 1948 


1,788 


294 


106 


4 


84 


68 


217 


36 


2,598 


584 


Monthly 

1947— Aug. 


155.4 


14.6 


4.6 


.1 


6.9 


5.0 


14.7 


2.8 


204.0 


25.6 


Sept. 


163.0 


15.3 


4.3 


.5 


3.7 


4.4 


14.2 


2.5 


207.9 


20.7 


Oct. 


190.4 


18.1 


6.6 


.7 


8.1 


5.8 


21.3 


3.2 


254.2 


8.1 


Nov. 


174.4 


17.7 


5.7 


.8 


8.3 


6.4 


14.2 


1.5 


228.9 


26.0 


Dec. 


141.7 


19.4 


8.1 


.4 


6.1 


4.1 


11.6 


1.8 


193.3 


75.8 


1948— Jan. 


150.0 


21.5 


4.8 


.2 


7.0 


3.7 


15.5 


3.2 


206.0 


48.8 


Feb. 


136.8 


17.8 


3.4 


.2 


4.0 


4.0 


14.1 


1.7 


182.1 


44.7 


Mar. 


138.3 


21.6 


5.6 


.3 


4.8 


5.3 


19.1 


2.0 


197.0 


43.0 


Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 


5.4 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


72.5 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


14.6 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


37.3 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


29.0 


Sept. 


152.7 


24.0 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


80.5 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


65.8 


X ( >v . 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


66.9 



Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 
Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 
1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 



(1) Excludes Newfoundland. 

(2) Consists of Eire, India, Pakistan, Burma. Australia, New Zealand, Iceland 
Ceylon and Iraq. Egypt is included in All Other. 

(3) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(4) Includes Newfoundland, E(;ypt, Spain and Palestine. 



JANUARY 1949 



MILLIONS OF DOLLARS 



16 



EXPORTS, IMPORTS AND BALANCE 

RUNNING 12-MONTH TOTALS 



4000 



3500 



3000 



2500 



2000 



MILLIONS OF DOLLARS 

'4000 



3500 




3000 



2500 



2000 



M J 

1944 



(1) Excluding gold. Includes exports of foreign produce. In the case of wheat, export clearance figures are based on Board of Grain Commissioners, 
rather than Customs data. , „..,,.. , , ,,,,., j ,„,■•, .■ i 

(2) Excludes articles imported from United Kingdom for the use of the armed forces of the United kingdom. In the years 1946 and 1947 articles 
admitted free under Order in Council (9213) and the item "Canadian Goods Returned" (9195) are excluded. 

* Export balance assuming that the import figure for December remains at November level. 



PERCENT 

100 



MERCHANDISE TRADE: PERCENTAGE DISTRIBUTION BY COUNTRIES 

EXPORTS'" MONTHLY TOTALS IMPORTS PERCENT 

100 




m 



m 




80 



60 



40 



20 



DJFMAMJJASONDJFMAMJJASOND 
1947 1948 

(1) See note (1) above. (2) See note (2) above. 



DJFMAMJJASONDJFMAMJJASOND 
1947 1946 



17 



Millions of Dollars 



JANUARY 1949 I 
XVI— MERCHANDISE EXPORT «0i 

Compiled from "Trade of Can 



Calendar 
Years 



1929 
1932 
1937 

1946 
1947 

12-Mths. ending 

Nov. 1948 

Monthly 

1947-Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1948-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 

July 

Aug. 
Sept. 
Oct. 
Nov. 



Fruits 

and 

Vegetables 



18 
11 
16 

29 
32 

20 

2.2 

2.0 
4.0 
3.4 
2.5 

1.4 

1.3 

1.1 

.4 

.6 

.7 

1.5 
1.1 
2.5 
3.6 
3.3 



Wheat 

and 
Wheat 
Flourd) 



302 
146 
182 

417 
446 

368 

34.1 

31.2 
32.8 
31.7 
22.9 

36.0 
29.5 
28.6 
26.6 
36.0 
28.8 

26.4 
22.2 
28.3 
38.1 
44.6 



Oats 



5 

5 
2 

23 
12 

17 

.7 
.6 
.5 
.3 
.2 

.3 

.4 
.8 
.2 
.5 
.5 

.6 
.3 



1.7 
2.2 
5.5 



Other 
Grains 

and 
Products 



26 
17 
25 

41 
55 

74 

1.9 
1.8 
4.0 

10.2 
16.6 

7.5 
5.5 
3.9 
3.4 
5.3 
6.2 

2.8 
2.2 
6.2 

6.4 

8.2 



Live 
Cattle 



14 

2 

16 

18 

15 

69 

1.5 
1.7 
1.3 
1.4 
1.4 

1.3 
1.1 
1.7 
2.3 
2.8 
3.3 

3.0 
5.0 

19.3 
14.0 
14.2 



Bacon 
and 

Hams 



7 

4 

33 

66 
62 

75 

6.3 
4.1 
1.8 
4.0 
8.2 

7.4 

6.4 
10.3 

9.8 
13.8 

5.7 

3.6 
3.0 
2.5 

2.7 
1.7 



Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


9 


19 


10 




4 


3 


9 


3 


- 


1 


9 


13 


5 


- 


5 


63 


22 


13 


27 


13 


41 


14 


16 


37 


17 


62 


12 


18 


41 


41 


2.3 


1.9 


2.1 


2.0 


.3 


2.4 


3.3 


1.8 


2.4 


.4 


1.1 


3.7 


1.6 


6.9 


.9 


1.8 


2.8 


1.7 


4.5 


3.4 


5.0 


.9 


1.0 


2.6 


2.7 


5.8 


1.3 


.8 


3.6 


6.0 


5.1 


.1 


.6 


4.7 


3.1 


3.9 


.1 


.6 


4.3 


2.3 


3.0 


.1 


.5 


.9 


1.2 


2.5 


.1 


1.0 


4.3 


3.2 


1.6 


- 


2.0 


2.5 


3.3 


2.1 


.1 


1.8 


3.6 


2.0 


3.1 


.5 


2.9 


2.2 


1.8 


11.0 


4.0 


2.6 


3.8 


3.1 


9.0 


3.0 


2.3 


5.9 


4.0 


10.2 


2.1 


1.7 


2.4 


8.5 



Calendar 
Years 


Artificial 
Silk 


Other 

Fibres 

& Textiles 

(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos, 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 

Apparatus 


Aluminum 

and 
Products 


Copper 

and 
Products 


Lead Ni 

and a 

Products Pro 




1929 


_ 


8 


20 


7 


47 




16 


3 


15 


37 


11 




1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 




1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


I. 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 




1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 




12-Mths. ending 


























Nov. 1948 


8 


35 


71 


40 


54 


21 


85 


16 


101 


78 


33 




Monthly 

1947-Aug. 


1.2 


2.5 


3.3 


2.8 


5.7 


1.2 


7.8 


1.3 


5.5 


5.1 


1.9 ( 




Sept. 


.9 


2.4 


2.9 


3.0 


5.1 


1.9 


7.1 


1.3 


5.4 


4.5 


3.9 4 




Oct. 


1.2 


3.1 


4.3 


4.6 


6.8 


1.3 


6.4 


1.5 


5.8 


5.7 


2.0 I 




Nov. 


.8 


3.0 


2.6 


4.5 


6.9 


2.3 


7.6 


1.9 


6.7 


6.9 


3.2 




Dec. 


.8 


3.0 


4.2 


4.0 


7.5 


1.4 


6.0 


1.3 


4.2 


7.1 


2.7 4 


■ 


1948-Jan. 


.8 


2.3 


5.5 


4.3 


3.7 


.8 


5.0 


1.4 


7.5 


6.5 


2.5 c) 




Feb. 


.7 


1.9 


5.4 


3.0 


3.7 


.8 


7.3 


1.2 


8.8 


7.0 


1.1 




Mar. 


.7 


2.2 


6.2 


4.1 


4.5 


1.2 


5.3 


1.5 


7.2 


5.7 


2.9 




Apr. 


.8 


2.5 


6.9 


3.0 


5.7 


1.2 


6.4 


1.7 


7.0 


4.3 


2.3 H 




May 


.8 


2.9 


6.3 


3.4 


4.4 


2.1 


9.8 


1.9 


14.9 


9.4 


3.1 r 




June 


.7 


3.3 


5.8 


2.8 


4.2 


2.4 


7.4 


1.5 


7.6 


5.1 


1.3 




July 


.6 


4.5 


6.7 


3.0 


4.6 


2.5 


6.5 


1.1 


8.5 


5.8 


2.9 




Aug. 


.4 


4.0 


4.4 


2.5 


3.7 


2.1 


5.3 


1.2 


8.8 


6.2 


3.5 < 




Sept. 


.4 


3.0 


6.9 


3.7 


1.3 


2.6 


7.5 


1.2 


7.5 


6.9 


3.7 




Oct. 


.5 


3.0 


7.2 


3.3 


4.9 


2.2 


8.4 


1.2 


9.8 


7.6 


2.8 i 




Nov. 


.4 


■2.:> 


5.2 


3.5 


5.6 


L.6 


10.2 


1.3 


9.2 


6.5 


47 ; J 





(1) In the case of wheat for 1937, 46, 47 & 48 export clearance figures are based on Board of Grain Commissioners rather than Customs data. (2) Mad P. 
1680, 1700, 1710, 2005. 2015, 2020. 2025, 2060. 2065, 2070, 2075, 2080. 2085, 2090, 2095, 2100-2110, 2490, 2500-2525, 2750. 2795, 2805, 2810, 282S, 2840. 284 8w{ 



IS JANUARY 1949 






















Rl MMODITY CLASSIFICATION 


















*» ninion Bureau of Statistics 


















Millions of Dollars 


.h 

i and 


Fish 

(canned & 
salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
synthetic) 


Calendar 
Years 


12 


24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


1929 


7 


11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 


12 


16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 


U 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 


» 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 

12-Mths. ending 




41 


2S 


27 


205 


44 


210 


376 


33 


62 


28 


34 


Nov. 1948 


7 


2.8 


1.3 


2.1 


17.5 


4.2 


15.2 


29.1 


2.3 


5.4 


1.5 


3.2 


Monthly 

Aug.-1947 


9 


2.8 


2.0 


2.8 


19.9 


3.6 


15.6 


28.2 


2.4 


5.6 


2.2 


2.1 


Sept. 


! 1 


5.6 


.7 


2.7 


23.7 


4.6 


16.7 


33.5 


2.6 


6.2 


2.5 


2.6 


Oct. 


5 


4.4 


.6 


3.3 


18.4 


3.4 


15.3 


28.9 


3.1 


5.9 


3.4 


2.7 


Nov. 


3 


4.2 


6.6 


2.1 


22.1 


3.9 


17.0 


30.3 


2.7 


7.7 


2.0 


3.3 


Dec. 


2 


4.3 


3.9 


2.0 


16.9 


2.8 


15.3 


27.9 


2.6 


4.8 


2.5 


2.8 


Jan.- 1948 


1 


6.6 


2.2 


2.1 


15.4 


2.7 


14.8 


24.9 


2.4 


5.1 


2.1 


2.4 


Feb. 


4 


3.2 


1.9 


2.9 


15.4 


2.9 


18.1 


32.0 


2.6 


4.3 


1.9 


3.0 


Mar. 


5 


2.5 


2.1 


1.2 


14.6 


1.9 


18.9 


29.1 


2.8 


5.7 


2.0 


2.1 


Apr. 


:> 


2.3 


2.7 


2.0 


16.3 


2.5 


19.8 


33.8 


3.8 


5.8 


2.2 


3.2 


May 


9 


2.1 


2.5 


2.3 


15.5 


3.9 


17.9 


30.5 


2.9 


4.6 


1.7 


2.8 


June 


4 


2.9 


1.5 


2.5 


17.3 


5.3 


18.8 


31.0 


2.5 


4.8 


2.5 


3.1 


July 


4 


2.3 


1.8 


1.7 


17.3 


4.0 


16.2 


31.8 


2.9 


5.1 


2.1 


2.5 


Aug. 


1 


3.0 


2.0 


3.8 


21.3 


6.0 


19.1 


36.9 


2.8 


4.7 


2.4 


3.0 


Sept. 


"> 


3.8 


.6 


2.2 


17.4 


4.7 


17.2 


33.0 


2.6 


5.0 


2.9 


2.8 


Oct. 


3 

_ 1 — 


3.7 


.7 


2.2 


15.5 


3.9 


17.6 


34.5 


2.8 


4.8 


3.9 


2.8 


Nov. 


- — 
ma 

Is 


Zinc 

and 

Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 

Non- 
metallic 
Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


All 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold) 


Calendar 
Years 


= 


























! 


9 


5 


13 


17 


7 


14 


1 


- 


33 


37 


1,190 


1929 


> 


4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 


5 ! 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


I 


28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 


1 » 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 

12-Mths. ending 




40 


22 


41 


51 


37 


44 


67 


11 


91 


117 


3,145 


Nov. 1948 




2.3 


1.7 


2.6 


3.6 


2.2 


3.9 


2.4 


.3 


6.5 


7.5 


226.1 


Monthly 

Aug.-1947 


S r 


2.4 


1.7 


2.9 


3.9 


3.0 


3.9 


3.1 


.3 


6.4 


8.4 


225.6 


Sept. 




2.8 


1.5 


3.1 


4.3 


3.1 


4.0 


5.0 


.4 


7.6 


9.2 


259.4 


Oct. 


1 


2.2 


1.8 


3.0 


3.7 


2.4 


4.4 


3.0 


.2 


8.2 


7.2 


252.0 


Nov. 


: ! 


2.6 


1.9 


3.2 


3.6 


3.5 


3.7 


5.0 


.4 


8.0 


11.0 


264.3 


Dec. 




1.9 


1.2 


2.7 


3.5 


3.5 


3.8 


2.3 


.7 


6.8 


9.6 


251.2 


Jan.-194S 


2 


1.4 


1.5 


2.7 


2.2 


2.7 


3.1 


1.5 


1.2 


5.9 


8.9 


224.8 


Feb. 


2 


3.3 


1.7 


3.2 


3.2 


2.6 


3.6 


1.4 


1.4 


6.7 


8.7 


237.4 


Mar. 




3.4 


1.5 


3.4 


3.9 


4.0 


3.3 


1.8 


1.5 


7.1 


9.5 


229.2 


Apr. 


1 


4.0 


2.6 


3.7 


5.3 


3.8 


5.3 


4.0 


1.4 


9.3 


8.8 


292.3 


May 


1 


3.0 


1.4 


3.7 


4.1 


1.6 


4.0 


8.9 


1.2 


7.5 


9.6 


245.0 


June 


J | 


2.9 


2.1 


3.3 


4.3 


2.7 


3.7 


17.7 


.4 


8.2 


10.8 


259.8 


July 


4.5 


1.7 


3.5 


3.9 


3.7 


3.3 


3.2 


.7 


7.3 


9.7 


233.0 


Aug. 


1 


4.:; 


L.6 


3.8 


6.3 


3.4 


3.5 


4.2 


.9 


8.3 


11.9 


299.1 


Sept. 


2 


5.1 


2.1 


4.0 


5.5 


2.2 


3.6 


L6.8 


.5 


7.0 


9.6 


306.7 


On. 


1 


4.0 


2.6 


3.8 


5.7 


3.3 


3.2 


.1 


.8 


8.6 


9.1 


302.6 


Nov. 


^irioi t< 
555, : 6 


ms listed in 
\ 3160-3187 


"Trade of 


Canada" un 


der code nu 


nbers 180, 


600, 610, 69 


B, 710. 790, 


1170, 1500- 


1590, 1610, 


1620, 1630, 


1640, 1645, 


1650, 1660. 1670, 



18 



' 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada: 

Liabilities and Assets 

Money Supply and Inactive Notice Deposits . 
Bank of Canada and Chartered Banks: Dominion Govt. 
Securities and all other Loans and Investments 

II Chartered Banks: 

Liabilities and Assets .... 

III Money Supply and Related Bank Assets 

IV Security Prices: 

Govt. Securities Payable in Canada only 

Yields of Dom. Govt. Securities, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S.A. 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. 

V Business Activity 

Value of Mineral Production 

VI Mineral Production 

VII Wholesale Prices 

U.S.A. Weekly Wholesale Price Indexes 

VIII Cost of Living 

Cost of Living Indexes: Canada and U.S. A 

IX Average Hourly & Weekly Earnings & Hours Worked in Manufacturi 

Average Hourly and Weekly Earnings in Manufacturing 

X Grains: Acreage and Production 
XI Fisheries Statistics 

XII International Tourist Trade 

International Tourist Expenditures 

XIII Exports and Imports by Countries 

Exports and Imports by Countries 

XIV Merchandise Imports: Commodity Classification 



NG 



19- 20 
19 

20 

21 - 22 
21 - 22 

23 
23 
24 
24 

25 
25 

26 

27 
27 

28 
28 

29 

29 

30 

31 

32 
32 

33 
34 

35 -30 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



FEBRUARY 1949 



19 



FEBRUARY 



Millions of Dollars 



r 7 1949 ] 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits'" 


Active 

B. of C. 

Note 

Circulation 


All 

Other 
Accounts 


Tol 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liabi » 



Asss 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


6.6 


2J.4 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3; .3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4< .5 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,41.9 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8-1.7 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


l,8!ij 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,9'M 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9 V 


End of 

1947— Aur . 


144.4 


514.9 


659.3 


1:53.6 


58.7 


2.4 


1,014.5 


34.7 


1,9.: 


Sept. 


170.1 


481.1 


651.2 


128.2 


62.0 


1.9 


1,002.1 


38.6 


1,8..' 




Oct. 


142.8 


548.7 


691.5 


143.4 


71.2 


.7 


1,036.6 


46.2 


1,9 ».t 




Nov. 


14S.2 


536.7 


684.9 


S4.2 


62.0 


1.4 


1,034.1 


41.5 


1,91. 


Dec. 


1S3.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,95. 


1948— Jan. 


147.2 


538.3 


685.5 


44.6 


60.6 


- 


1,010.3 


41.6 


1,8!. 


1948— Aug. 


176.0 


525.1 


701.1 


105.1 


90.3 


.1 


1,050.9 


36.1 


1,91.: 


Sept. 


172.2 


550.9 


723.1 


87.3 


78.2 


2 


1,095.5 


44.6 


2,0 U 




Oct. 


160.4 


581.0 


741.4 


110.0 


72.2 


1.0 


1,114.7 


40.3 


2,C).t 




Nov. 


190.2 


579.6 


769.8 


86.5 


64.1 


.1 


1,083.3 


59.2 


2,G.< 




Dec. 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,(3 




1949— Jan. 


182.2 


545.1 


727.3 


141.8 


86. 8 


— 


1,047.0 


42.5 


2,(5. 




(1) Includes foreign exc 
short-term requirement 


liange items for 
> and necessary 


account of foreif 
working balanc 


m clients. -frM 
es, were sold to 


ay 1940 and subsequent figures give effect to the enactment, ur 
the Foreign Exchange Control Board. Since that date the 


der the War Measurt \c 
Bank's minimum golc * 






MOl 


^EY SUPF 


>LY AND 1 


NACTIYE 


NOTICE 


DEPOSITS 









MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4000 



4000 



3000 



3000 



2000 



1000 




1938 39 40 41 

* See note (14) on page 11. 



FEBRUARY 1949 



20 



B|f CANADA 


















Millions of Dollars 










ASSETS 








T«l 


Silver 


Foreign"' 
Currencies 


Securities 


Advances 


All 
Other 

Accounts 




; ' .old 


DOM.- 


PROV. 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 




d 


Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


I 51.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


I .'82.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


fetl0.8 


— 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


• 




• 


• 


• 






• 








1 - 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


11 - 


— 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 


1 - 


- 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 


■ _ 


_ 


2.4 


1,141.5 


720.3 


15.0 


— 


1,876.8 


— 


24.0 


Aug.— 1947 


i - 


- 


1.9 


1,088.0 


744.7 


25.0 


- 


1,857.7 


- 


24.5 


Sept. 


■ ■ - 


- 


.7 


1,136.4 


799.4 


25.0 


- 


1,960.8 


- 


28.1 


Oct. 


■ ■ - 


- 


1.4 


1,039.9 


820.6 


25.0 


- 


1,885.5 


- 


21.2 


Nov. 


- 


- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


- 


18.7 


Dec. 


- 


- 


- 


931.3 


863.2 


25.0 


- 


1,819.5 


- 


23.2 


Jan. — 1948 


_ 


_ 


.2 


1,155.2 


778.1 


25.0 


— 


1,958.3 


— 


25.1 


Aug.— 1948 


- 


- 


.3 


1,216.3 


757.2 


25.0 


- 


1,998.5 


- 


30.2 


Sept. 


- 


- 


1.1 


1,279.6 


741.3 


25.0 


- 


2,045.9 


- 


32.6 


Oct. 


. - 


- 


.1 


1,222.1 


794.0 


25.0 


- 


2,041.1 


- 


21.7 


Nov. 


; - 


- 


.5 


1,233.7 


779.1 


25.0 


- 


2,037.7 


- 


20.4 


Dec. 




— 


.1 


1,188.3 


806.9 


25.0 


— 


2,020.2 


— 


25.1 


Jan. — 1949 


Koreign E 


xchange Acqu 


sition Order a 


nd the Excha 


nge Fund Ore 


er. Under these orders the Bank's gold and foreign exchange holdings, over and above its 


lement ha 


s been suspen< 


led. 



















BANK OF CANADA AND CHARTERED BANKS 
DOMINION GOVT. SECURITIES AND ALL OTHER LOANS & INVESTMENTS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



5000 



4000 



i* 





3000 



2000 



DOMINION GOVT SECURITIES (NET) 



:* 



/ 



/ 



/ 



S 



y 



ALL OTHER LOANS AND 
INVESTMENTS 



5000 



4000 



3000 



2000 



1000 



'938 39 40 41 42 43 44 45 1946 1947 1948 1949 

* Includes Bank of Canada net holdings of gold and foreign exchange; Canadian dollar deposits of the Dominion Government at chartered banks 
and Bank of Canada are deducted. 



21 



FEBRUARY 1949 



Millions of Dollars 



II— CHAF 

Bait 



; 





LIABILITIES 






Notes 


Deposits 


Cash 
in u) 


Securities 




Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 


DOM.- 


PROV. 


Foreign 


Or 












(2) 




Under 2yrs. 


Over 2 yrs. 


Govt. 




Average of 
























* 


Month-end figures 


























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 - 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


2) 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


2,3 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290 


41 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


U 


1947-Aug. 


19 


2.058 


3,774 


353 


6,247 


858 


7,214 


659 


727 


2,652 


301 


J. 


Sept. 


19 


2,163 


3,806 


224 


6,262 


843 


7,217 


651 


034 


2,027 


279 


41 


Oct. 


19 


2,263 


3,753 


267 


6,337 


832 


7,286 


091 


584 


2,502 


277 


o 


Nov. 


18 


2,126 


3,710 


442 


6,337 


836 


7,279 


685 


690 


2,422 


282 


/M 


Dec. 


18 


2,296 


3,740 


376 


6,473 


824 


7,406 


720 


731 


2,385 


271 


/■ 


1948-Jan. 


18 


2,073 


3,824 


383 


6,339 


809 


7,255 


686 


837 


2,360 


263 


" 9 

t - 


1948-Aug. 


17 


2,215 


4,003 


391 


6,653 


841 


7,606 


701 


967 


2,430 


264 


!« 


Sept. 


17 


2,360 


4,049 


368 


6,830 


823 


7,752 


723 


952 


2,430 


256 


* 


Oct. 


17 


2,341 


4,040 


417 


6,842 


804 


7,745 


741 


894 


2,466 


246 


•< 


Nov. 


16 


2,534 


4,086 


401 


7,090 


819 


8,005 


770 


927 


2,460 


242 


1.2 


Dec. 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


922 


2,513 


242 


1 


1949-Jan. 


16 


2,337 


4,118 


487 


6,999 


800 


7,885 


727 


932 


2,549 


238 


i 2 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Em. 



Millions of Dollars 



MONEY SUPPLY 



III— MONEY SUPPLY Nl 

Bi, 





Currency 
Outside Banks 


Bank Deposits 










Chartered Banks 






Bank of 




Mon 






























Notes'" 


Coin«> 


Total 


Demand"' 


Active 
Notice*" 


Other"' 

excl. Dom. 

Govt. 


Total 


Deduct 
Floats 


Net 
Total 


"Other" 
Deposits 

(7) 


Total 


Supr 


As at Dec. 31 


























1938 


207 


31 


238 


734 


187 


42 


963 


116 


847 


3 


850 


l,0i 


1940 


341 


38 


379 


1,031 


203 


112 


1,346 


172 


1,174 


10 


1,184 


1,9 


1944 


930 


60 


990 


1,862 


363 


153 


2,378 


243 


2,135 


28 


2,163 


3,1 


1945 


992 


63 


1,055 


2,063 


474 


172 


2,709 


280 


2',429 


30 


2,459 


3,5 


1946 


1,031 


65 


1,096 


2,291 


614 . 


229 


3,134 


328 


2,806 


94 


2,900 


3,9 


1947 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,9, 


1948 

End of 

1947-Aug. 


1,115 


70 


1,185 


2,544 


649 


270 


3,469 


400 


3,069 


81 


3,150 


4,3 i 


1,034 


65 


1,099 


2,058 


588 


234 


2,880 


228 


2,652 


59 


2,711 


3,81 


Sept. 


1,021 


65 


1,086 


2,103 


593 


230 


2,992 


317 


2,675 


62 


2,737 


3,81 


Oct. 


1,055 


00 


1,121 


2,203 


591 


237 


3,091 


356 


2,735 


71 


2,806 


3,9 ' 


Nov. 


1,052 


66 


1,118 


2,120 


593 


217 


2,936 


251 


2,685 


62 


2,747 


3,8i 


Dec. 


1,046 


66 


1,112 


2,290 


597 


233 


3,120 


362 


2,764 


68 


2,832 


3,91 


1948-Jan. 


1,028 


05 


1,093 


2,073 


009 


214 


2,896 


232 


2,664 


01 


2,725 


3,8 i 


1948-Aug. 


1,068 


07 


1,135 


2,215 


034 


254 


3,103 


280 


2,823 


90 


2,913 


4,0 i 


Sept. 


1,112 


68 


1,180 


2,300 


045 


207 


3,272 


377 


2,895 


78 


2,973 


4,1* 


Oct. 


1,131 


70 


1,201 


2,341 


047 


239 


3,227 


292 


2,935 


72 


3,007 


4,2 


Nov. 


1,100 


09 


1,169 


2,534 


051 


271 


3,456 


362 


3,094 


64 


3,158 


4,27 


Dec. 


1,115 


70 


1,185 


2,544 


049 


270 


3,409 


400 


3,009 


81 


3,150 


4,2 


1949-Jan. 


1,063 


08 


1,131 


2,337 


034 


200 


3,237 


293 


2,944 


87 


3,031 


4,1 



(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



(5) Chartered banks' Canadian dollar deposits of provincial governi 
Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end retu 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published monl in 
statements — i.e. excluding Dominion Government, chartered n< 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the amc ' o' 
foreign currency deposit liabilities. 



FEBRUARY 1949 

h.hd banks 



22 



ASSETS 




Loans 




otal 


CANADA 


ABROAD 


Total 

Assets 


Call 


Current 

Public 


Current 
Other 


Call 


Current 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


426 


107 


732 


117 


68 


165 


3,317 


287 


132 


1,223 


44 


87 


155 


7,430 


108 


104 


1,693 


54 


76 


198 


7,811 


120 


81 


1,923 


75 


74 


234 


8,140 


108 


82 


1,750 


55 


84 


183 


7,795 


963 


83 


1,789 


66 


81 


193 


7,782 


882 


93 


1,859 


71 


69 


205 


7,865 


850 


92 


1,985 


80 


64 


222 


7,860 


874 


105 


1,921 


78 


56 


234 


7,974 


.972 


77 


1,891 


62 


58 


236 


7,825 


'209 


77 


1,878 


80 


77 


239 


8,182 


-185 


76 


1,931 


93 


70 


244 


8,323 


'156 


97 


2,011 


99 


71 


241 


8,324 


•212 


96 


2,129 


72 


80 


250 


8,579 


'268 


101 


2,077 


71 


78 


240 


8,580 


'511 


90 


2,054 


77 


73 


244 


8,458 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in u> 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


Note (5) 
Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


644 


6,196 


10.4 


1,007 


Aug.-1947 


648 


6,195 


10.5 


1,015 


Sept. 


666 


6,216 


10.7 


1,025 


Oct. 


677 


6,291 


10.8 


1,031 


Nov. 


680 


6,291 


10.8 


1,040 


Dec. 


738 


6,377 


11.6 


1,006 


Jan. -1948 


696 


6,546 


10.6 


1,056 


Aug.-1948 


717 


6,582 


10.9 


1,081 


Sept. 


735 


6,805 


10.8 


1,107 


Oct. 


755 


6,940 


10.9 


1,099 


Nov. 


723 


6,966 


10.4 


1,105 


Dec. 


748 


6,997 


10.7 


1,062 


Jan.- 1949 



1 ;i;nres given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
> ijnk of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 1944, an approximate figure only. 



,ATED BANK ASSETS 

ida 







RELATED BANK 


. OF CANADA AND CHARTERED BANKS ASSETS 


Million. 


• of Dollars 


Dominion 


Government Securities. Gold and 


Exchange 
























All other 
Loans 
and 
Invest- 
ments 

(13) 


Deduct 

Inactive 

Notice 

Deposits 

(14) 


Total 


Bank of«» 


Banking<»> 
Securities 


Other Govt. Securities 


Total 


Deduct 

Govt. 

Deposits 

(12) 


Net 
Total 


Related 




Canada 
Gold and 
Exchange 


Bonds' 101 


Victory<"> 

Loan 
Advances 


Total 


Bank 

Assets 


\sat Dec. 31 
























1938 


214 


196 


753 


- 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


1940 


38 


743 


737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


1944 


- 


2,321 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


!, 1945 


- 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


Jj ' 1946 


- 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 


1947 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


Ij 1948 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


: 147-Aug. 


- 


1,019 


3,739 


- 


3,739 


4,758 


314 


4,444 


2,813 


3,186 


4,071 


Sept. 


- 


871 


3,747 


- 


3,747 


4,618 


185 


4,433 


2,860 


3,213 


4,080 


Oct. 


- 


863 


3,737 


- 


3,737 


4,600 


227 


4,373 


2,989 


3,162 


4,200 


Nov. 


775 


3,733 


- 


3,733 


4,508 


368 


4,140 


3,103 


3,117 


4,126 


Dec. 


- 


811 


3,718 


- 


3, 7 IS 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


Ms Jan. 


- 


832 


3,706 


- 


3,706 


4,538 


272 


4,266 


3,020 


3,215 


4,071 


Vug. 


- 


1,152 


3,709 


- 


3,709 


4,861 


287 


4,574 


3,078 


3,368 


4,284 


Sept. 


- 


1,142 


3,747 


- 


3,747 


4,889 


241 


4,648 


3,138 


3,403 


4,383 


Oct. 


- 


1,125 


3,801 


- 


3,801 


4,926 


331 


4,595 


3,236 


3,393 


4,438 


Nov. 


- 


1,145 


3,788 


- 


3,788 


4,933 


286 


4,647 


3,375 


3,435 


4,587 


Dec. 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


if l'49-Jan. 


— 


1,094 


3,919 


— 


3,919 


5,013 


420 


4,593 


3,302 


3,484 


4,411 






Bank rf Canada and Chartered bank holdings of Dominion Government 
Treasury Bills, Deposit Certificates, Treasury notes and any other 
short term issues sold direct to Bank of Canada and chartered banks. 
I Bank of Canada and chartered bank holdings of Dominion Government 
direct and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 
1 'bartered banks' temporary advances to the public in connection 
with the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Dominion Government at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



23 



FEBRUARY 194' 



IV— SECURITY PRICES 

Bank of Canada 







Dominion 


sf Canada Bonds Payable in Canada Only 








Based on Middle of the Market quotations 






Average of B 


usiness Days 


15th of Each Month 








Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Animal Average 














1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 

1948— Feb. 


100.42 


2.97 


2.79 


2.69 


2.19 


1.32 


Mar. 


99.18 


3.02 


2.98 


2.81 


2.26 


1.33 


Apr. 


99.04 


3.03 


2.98 


2.79 


2.29 


1.35 


May 


99.41 


3.02 


2.92 


2.69 


2.30 


1.38 


June 


99.34 


3.02 


2.96 


2.72 


2.32 


1.47 


July 


99.41 


3.02 


2.94 


2.68 


2.26 


1.44 


Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 


Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 


Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and ISlh oj each month 



1936-49 



» 










'936 '»*7 '938 1939 1940 1941 1942 1943 1944 I94& 1948 1947 I94S 1949 

(1) Prior to 1940 figures are for the 1st of month. (2) 1936-37 figures are for the 1st of the month, 1938-39 figures are lor average of month. (3) Feb. 15. 



FEBRUARY 1949 



24 



IV— SECURITY PRICES 

Bank of Canada 









Government Bonds 






3 Month Treasury Bills 






Average of E 


usiness Days 




Tender Rate Nearest 15th of Month 




Canada*" 


U. 


K«> 


U.S A.«> 
























U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


Monthly 




















1947— Oct. 


104.81 


2.59 


101.87 


2.81 


103.84 


2.22 


.410 


.505 


.827 


Nov. 


104.75 


2.59 


102.44 


2.75 


102.44 


2.32 


.408 


.507 


.912 


Dec. 


104.75 


2.59 


100.82 


2.92 


101.99 


2.35 


.409 


.511 


.948 


1948— Jan. 


102.25 


2.80 


100.92 


2.90 


101.03 


2.42 


.410 


.514 


.976 


Feb. 


101.85 


2.83 


101.00 


2.90 


101.03 


2.42 


.410 


.503 


.994 


Mar. 


100.27 


2.98 


101.30 


2.86 


101.10 


2.42 


.410 


.506 


.997 


Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


All 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42- 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


All 


.519 


1.160 


Feb. 


100.77 


2.93 


103.64 H) 


2.59 w 


101.92 


2.35 


.415 


.524 


1.163 



(1) Dominion of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. (4) Feb. 1-11. 



(3) U.S. Treasury 2}4% due Dec. 15, 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. 

Daily Opening Quotations 



& U.S.A.: 1948-49 



2.1% 



2 3% 



2.5% 



2 7% 



2 9% 



2 1% 



2.3% 



2.5% 




27% 



2 9% 



FEB 



SEPT 



AR APR MAY JUNE JULY AL 

1948 

Security is not eligible lor commercial banks before Dec. 1, 1952. (1) Feb. 11. 



FEB 
1949 



25 



FEBRUARY 1949 



V— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations* 2 ' 


Index 
m 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals 14 ' 

1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 




1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1946 


2,833 


96 


2,335 


4,143 


31,063 


213 


3,690 


218.0 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,447 


37,376 


197 


3,957 


251.4 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,601 


40,607 


373 


4,060 


284.0 


128.2 


199.5 


12-Mths. ending 






















Jan. 1949 


3,528* 


131* 


3,230 


4,615 


40,614 


388 


4,041 


285.9 


128.4 


201.8 


Monthly 






















1947— July 


261.5 


9.8 


232.3 


379.7 


3,04N 


17.9 


343 


245.5 


124.1 


173.8 


Aug. 


261.0 


10.0 


233.8 


377.9 


3,060 


25.3 


331 


250.7 


126.1 


178.6 


Sept. 


247.7 


7.6 


234.2 


366.1 


3,074 


22.5 


352 


282.4 


126.5 


180.3 


Oct. 


258.8 


11.5 


256.5 


396.3 


3,297 


17.7 


388 


245.2 


127.6 


184.9 


Nov. 


252.2 


9.9 


255.4 


364.5 


3,227 


20.2 


356 


310.6 


129.5 


189.7 


Dec. 


274.8 


11.5 


249.8 


368.9 


3,389 


13.4 


321 


240.2 


130.7 


193.9 


1948— Jan. 


273.4 


10.8 


256.7 


371.6 


3,397 


15.0 


317 


254.0 


126.9 


178.4 


1948— July 


296.2 


10.4 


244.9 


391.5 


3,355 


38.3 


337 


267.0 


129.7 


203.5 


Aug. 


305.4 


9.0 


263.1 


389.1 


3,408 


44.5 


344 


285.8 


131.6 


207.2 


Sept. 


294.9 


9.8 


257.9 


376.1 


3,363 


34.1 


378 


298.8 


132.2 


209.3 


Oct. 


306.9 


10.3 


281.9 


399.8 


3,538 


32.1 


388 


312.4 


133.1 


215.7 


Nov. 


311.3 


12.7 


278.0 


397.3 


3,388 


29.8 


370 


330.9 


133.3 


218.0 


Dec. 


326.9 


13.0 


280.4 


385.8 


3,415 


17.8 


316 


284.5 


133.8 


219.0 


1949— Jan. 






284.7 


386.0 


3,405 


30.3 


298 


277.6 


129.2 


205.6 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries. 

(4) Average of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Dec. 1948. 



First of month figures. 



VALUE OF MINERAL PRODUCTION 



MILLIONS OF DOLLARS 



ANNUAL TOTALS 



MILLIONS OF DOLLARS 







1928 29 30 31 32 33 34 35 

* Excluding clay products and other structural material 



-0 



46 



t Includes Northwest Territories and Yukon. 



FEBRUARY 194y 



26 



d 



>■ 



VI— MINERAL PRODUCTION: 1940-48 

Dominion Bureau of Statistics 
METALLIC MINERALS 





Gold 


SlLV 


ER 


Other ' 
Precious Metals 


Nickel 


Copper 


Zinc 




fine oz. 
000 


$ mm. 


fine oz. 
000 


$ mm. 


fine oz. 
000 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


1940 


5,311 


204.5 


23,834 


9.1 


200 


7.8 


246 


59.8 


656 


65.8 


424 


14.5 


1941 


5,345 


205.8 


21,754 


8.3 


222 


8.1 


282 


68.7 


643 


64.4 


512 


17.5 


1942 


4,841 


186.4 


20,695 


8.7 


481 


19.2 


285 


70.0 


604 


60.4 


580 


19.8 


1943 


3,651 


140.6 


17,345 


7.S 


346 


13.7 


288 


71.7 


575 


67.2 


611 


24.4 


1944 


2,923 


112.5 


13,627 


5.9 


200 


S.O 


275 


69.2 


547 


65.3 


551 


23.7 


1945 


2,697 


103.8 


12,943 


6.1 


667 


26.7 


245 


62.0 


475 


59.3 


517 


33.3 


1946 


2,833 


104.1 


12,544 


10.5 


240 


12.8 


192 


45.4 


368 


46.6 


471 


36.8 


1947 


3,070 


107.5 


12,504 


9.0 


205 


10.0 


237 


70.7 


452 


91.5 


416 


46.7 


1948f 


3,528 


123.5 


15,642 


11.7 


260 


16.2 


258 


85.6 


480 


107.1 


464 


64.7 





Lead 


Mercury 


Iron 


Ore 


Magnesium 


All Other 

Metallics 
$ mm. 


Total 

Metallics 

$ mm. 




lbs. mm. 


$ mm. 


lbs. 000 


$ mm. 


tons 000 


$ mm. 


lbs. 000 


$ mm. 


1940 


472 


15.9 


154 


.4 


415 


1.2 


_ 


_ 


3.6 


382.5 


1941 


460 


15.5 


536 


1.3 


516 


1.4 


11 


- 


4.3 


395.3 


1942 


512 


17.2 


1,036 


2.9 


545 


1.5 


809 


.4 


5.7 


392.2 


1943 


444 


16.7 


1,690 


4.6 


641 


2.0 


7,154 


2.1 


6.1 


356.8 


1944 


305 


13.7 


736 


1.2 


553 


1.9 


10,580 


2.6 


4.3 


308.3 


1945 


347 


17.3 


- 


- 


1,135 


3.6 


7,359 


1.6 


3.3 


317.1 


1946 


354 


23.9 


- 


- 


1,550 


6.8 


321 


.1 


3.4 


290.4 


1947 


323 


44.2 


- 


- 


1,919 


9.3 


* 


* 


6.3 


395.1 


1948f 


337 


60.7 






1,354 


6.3 


* 


* 


9.1 


485.0 



thlwl 






NON-METALLIC MINERALS 





Coal 


Petroleum 


Natural Gas 


Asbestos 


Salt 


Sulphur 




tons 000 


$ mm. 


bbl. 000 


$ mm. 


cu. ft. 
billions 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


1940 


17,567 


54.7 


8,591 


11.2 


41 


13.0 


347 


15.6 


465 


2.8 


171 


1.3 


1941 


18,226 


58.1 


10,134 


14.4 


43 


12.7 


478 


21.5 


561 


3.2 


260 


1.7 


1942 


18,865 


62.9 


10,365 


16.0 


46 


13.3 


439 


22.7 


654 


3.8 


304 


2.0 


1943 


17,859 


62.9 


10,052 


16.5 


44 


11.8 


476 


23.2 


688 


4.4 


258 


1.8 


1944 


17,026 


70.4 


10,099 


15.4 


45 


11.4 


419 


20.6 


695 


4.1 


248 


1.8 


1945 


16,507 


67.6 


8,483 


13.6 


48 


12.3 


467 


22.8 


673 


4.1 


250 


1.9 


1946 


17,806 


75.4 


7,586 


15.0 


48 


12.2 


558 


25.2 


538 


3.6 


235 


1.8 


1947 


15,869 


77.5 


7,692 


19.6 


53 


13.4 


662 


33.0 


729 


4.4 


222 


1.8 


194Sf 


18,431 


107.3 


12,098 


36.9 


57 


14.6 


708 


41.3 


740 


4.4 


218 


1.7 



/ 





Gypsum 


Sodium Sulphate 


Peat Moss 


Magnesitic 
Dolomite 


All Other' 2 ' 
Non-Metallics 
$ mm. 


Total ' 
Non- 


1940 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


Metallics 
$ mm. 


1 ,449 


2.1 


94 


.8 


_ 


_ 


* 


.9 


2.5 


104.8 


1941 


1,593 


2.2 


116 


.9 


28 


.6 


* 


.8 


3.4 


119.5 


1942 


566 


1.3 


131 


1.1 


54 


1.1 


* 


1.1 


3.7 


128.8 


1943 


447 


1.4 


107 


1.0 


64 


1.5 


* 


1.3 


5.4 


131.2 


1944 


596 


1.5 


102 


1.0 


80 


1.9 


* 


1.1 


5.3 


134.5 


1945 


840 


1.8 


93 


.9 


84 


2.0 


* 


1.3 


5.0 


133.2 


1946 


1,811 


3.7 


106 


1.1 


97 


2.4 


* 


1.2 


4.6 


146.3 


1947 


2,497 


4.7 


163 


1.8 


80 


2.3 


* 


1.2 


5.2 


165.0 


194SJ 


3,219 


5.6 


150 


2.1 


74 


2.3 


* 


1.7 


5.7 


223.6 


(1) 1945. 4 
metals 


6, 47 and 48 fi 
recovered and 


gures represen 
the contents o 


t the metal c 
f concentrates 


intent of cone 
sold. (2) E 


entrates prod 
.xcluding clay 


uced from nic 
products and 


kel-copper on 
other structui 


■s. For earh 
al materials. 


er years the figures 
t Preliminary. * 


refer to refined 
Not available. 



27 



FEBRUARY 1949 



VII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistics*" Board of Trade™ 





Farm 
Products 

* 


Raw 
Materials 


Foods 


Manu- 
factures 


Total 


Average of Mcbt. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


171.0 


151.5 


143.0 


129.8 


141.0 


1947 


183.5 


180.6 


162.7 


154.2 


167.4 


1948 


223.4 


215.9 


202.4 


184.0 


198.7 


Monthly 












1947-Dec. 


200.1 


200.8 


185.6 


173.5 


186.1 


1948-Jan. 


212.3 


205.1 


195.1 


179.4 


190.5 


Feb. 


210.1 


203.6 


195.5 


180.3 


191.1 


Mar. 


211.0 


203.7 


195.6 


179.6 


190.5 


Apr. 


215.7 


207.5 


198.0 


180.6 


192.6 


May 


222.0 


210.9 


199.7 


180.6 


194.6 


June 


232.7 


215.6 


205.7 


180.8 


197.0 


July 


233.7 


214.0 


205.3 


182.0 


197.1 


Aug. 


232.2 


224.9 


206.9 


188.2 


204.7 


Sept. 


230.2 


225.0 


206.6 


189.0 


205.2 


Oct. 


226.7 


226.7 


207.0 


189.0 


206.5 


Nov. 


226.5 


227.5 


206.9 


189.1 


207.1 


Dec. 


227.6 


226.3 


207.0 


189.2 


206.9 


1949-Jan. 

1 


226.2 


226.0 


205.2 


188.3 


206.6 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


180.4 


204.9 


182.9 


213.6 


190.1 


218.2 


189.8 


218.7 


191.4 


220.8 


191.5 


222.0 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


223.0 



U.S.A. 

Bureau of Labor Statistics™ 



Farm 


Raw 








Products 


Materials 


Foods 


fact u res 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.6 


258.8 


237.0 


225.5 


187.1 


202.5 


262.1 


239.5 


227.4 


190.6 


205.6 


243.8 


227.7 


218.0 


186.6 


199.6 


244.7 


227.5 


219.7 


188.2 


200.2 


245.7 


228.5 


223.4 


190.3 


202.0 


248.8 


231.2 


224.3 


191.4 


203.3 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 201.4 


227.0 


220.4 


209.6 


188.8 199.3 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39= 100 from base 1926= 100. 

(2) Adjusted to 1935-39= 100 from base 1913 = 100 in 1929 and from base 1930= 100 thereafter. 

(3) Adjusted to 1935-39 = 100 from base 1926= 100. 

* An independent series with different weighting and different prices from those included in the "Total Index' 
is not entirely comparable with the U.S.A. "Farm Products Index". 



Prices include subsidies. The series 



U.S.A. : WEEKLY WHOLESALE PRICE INDEXES 



INDEX 1926-100 



BUREAU OF LABOR STATISTICS 



INDEX 1926-100 




0" 

J J ASONDJF MAMJJ ASONDJ FMAMJJ A SO NDJ FMAM 
1946 1947 1948 1949 

* New weekly index commencing January 1947 based on a sample of 115 commodities selected from the 900 commodities included in the monthly 
index. Last figure plotted for Feb. 22. 



FEBRUARY 1949 



28 



Index 1935-39 = 100 



- 



VIII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1947— Sept. 


165.3 


121.1 


152.0 


117.8 


147.4 


117.5 


139.4 


Oct. 


171.3 


121.9 


154.2 


119.9 


149.9 


117.6 


142.2 


Nov. 


173.6 


122.6 


157.0 


119.9 


151.4 


118.2 


143.6 


Dec. 


178.7 


120.3 


159.3 


119.9 


154.9 


119.8 


146.0 


1948— Jan. 


182.2 


120.4 


161.2 


119.9 


158.4 


122.6 


148.3 


Feb. 


186.1 


120.1 


165.1 


119.9 


159.9 


122.8 


150.1 


Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 



•Components were selected and weighted on the basis of 1938 family incomes ranging from $450- $2,500, with incomes between $1,000-$1, 600 most common. 



COST OF LIVING INDEXES 

TOTAL COST OF LIVING index 1939=100 



(1) (2) 

CANADA AND U.S.A. 



FOOD 




(1) 1st of month figures; last figure plotted February 1st. 

(2) 15th of month figures; last figure plotted for January 15lh. 



Am 



29 FEBRUARY 1949 

IX— AVERAGE HOURLY & WEEKLY EARNINGS & HOURS WORKED IN MANUFACTURING* 

HOURLY-RATED WAGE-EARNERS 

Dominion Bureau of Statistics 





AVERAGE 


HOURLY EARNINGS ' 
Cents 


AVERAGE HOURS WORKED 


AVERAGE 


WEEKLY EARNINGS 05 
Dollars 




All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


Average of months 

1945 


69.4 


76.8 


60.8 


44.3 


44.7 


43.8 


30.71 


34.30 


26.59 


1946 


70.0 


76.4 


63.8 


42.7 


42.8 


42.6 


29.S7 


32.68 


27.18 


1947 


80.3 


S7.2 


73.4 


42.5 


42.7 


42.3 


34.16 


37.25 


31.07 


1948 


91.3 


98.4 


84.0 


42.2 


42.3 


42.0 


38.49 


41.72 


35.29 


1st of Montht 

1947— July 


80.8 


86.8 


74.7 


42.0 


42.5 


41.6 


33.94 


36.89 


31.08 


Aug. 


81.3 


87.7 


74.8 


42.5 


42.6 


42.3 


34.55 


37.26 


31.64 


Sept. 


82.2 


88.8 


75.7 


42.3 


42.5 


42.2 


34.77 


37.74 


31.95 


Oct. 


83.4 


90.6 


76.2 


43.1 


43.5 


42.6 


35.95 


39.41 


32.46 


Nov. 


84.7 


91.9 


77.6 


42.9 


43.2 


42.7 


36.34 


39.70 


33.14 


Dec. 


85.6 


92.8 


78.3 


43.5 


43.8 


43.2 


37.24 


40.65 


33.83 


1948— Jan. 


86.6 


92.9 


80.0 


38.3 


38.5 


38.1 


33.17 


35.77 


30.48 


Feb. 


86.6 


93.2 


80.1 


42.8 


42.7 


42.8 


37.06 


39.80 


34.28 


Mar. 


88.0 


95.0 


80.8 


43.2 


43.4 


43.0 


38.02 


41.23 


34.74 


Apr. 


89.0 


95.6 


82.1 


41.6 


41.8 


41.4 


37.02 


39.96 


33.99 


May 


89.4 


96.2 


82.4 


43.1 


43.4 


42.7 


38.53 


41.75 


35.18 


June 


91.4 


98.4 


84.4 


41.7 


41.6 


41.7 


38.11 


40.93 


35.19 


July 


92.3 


99.2 


85.2 


42.0 


42.3 


41.6 


38.77 


41.96 


35.44 


Aug. 


92.7 


99.8 


85.6 


42.1 


42.0 


42.1 


39.03 


41.92 


36.04 


Sept. 


93.4 


100.9 


85.8 


41.7 


42.0 


41.5 


38.95 


42.38 


35.61 


Oct. 


94.6 


102.6 


86.6 


43.0 


43.3 


42.7 


40.68 


44.43 


36.98 


Nov. 


95.5 


103.4 


87.6 


43.1 


43.2 


43.1 


41.16 


44.67 


37.76 


Dec. 


95.9 


104.1 


87.7 


43.2 


43.4 


43.1 


41.43 


45.78 


37.80 



* Covers establishments usually employing not less than IS persons and includes overtime and part-time workers, 
t As reported for last week of the previous month. 
(1) Gross earnings before deductions for taxes, unemployment insurance, etc. 

INDEXES OF AVERAGE HOURLY AND WEEKLY EARNINGS IN MANUFACTURING 



INDEX DEC 1945=100 



MONTHLY'" 



INDEX DEC. 1945-100 



140 



130 



120 



HOURLY EARNINGS 



~f 




r 



s 



J 



y 



+ 



/- 



HOURLY EARNINGS ADJUSTED 
BY COST OF LIVING INDEX 




WEEKLY EARNINGS- 



y 



A* 



/ 



Y 



-f- 






T 



-WEEKLY EARNINGS ADJUSTED 
BY COST OF LIVING INDEX 




140 



130 



120 



110 



JSDMJSDMJ 

1946 1947 1948 

(1) 1st of month figures for the last week of the previous month. So far as weekly wages are concerned, Jan. 1st figures are affected by loss of working 

time during the holiday season and the average of Dec. 1st and Feb. 1st has been used. (2) Earnings index divided by cost of living index. 



FEBRUARY 1949 



30 



X— GRAINS : ACREAGE AND PRODUCTION 

Dominion Bureau of Statistics 



1940-48 



WHEAT 



OATS 



BARLEY 



RYE 



FLAXSEED 



OTHER GRAINS 



<« 

SUMMER 
FALLOW 



Total 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres mm. bus. |mm. acres 



mm. ous. mm. acres 



mm. acres 



mm. acres 



TOTAL CANADA 



1940 


540.2 


28.7 


380.5 


12.3 


104.3 


4.3 


14.0 


1.0 


3.0 


A 


56.8 


1.7 


17.3 


65.8 


1941 


314.8 


21.9 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


23.1 


66.6 


1942 


556.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943 


284.5 


16.9 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


66.8 


1944 


416.6 


23.3 


499.6 


14.3 


194.7 


7.3 


8.5 


.6 


9.7 


1.3 


74.7 


2.0 


19.4 


68.3 


1945 


318.5 


23.4 


381.6 


14.4 


157.8 


7.4 


5.9 


.5 


7.6 


1.1 


62.6 


2.0 


19.9 


68.5 


1946 


413.7 


24.5 


371.1 


12.1 


148.9 


6.3 


8.8 


.7 


6.4 


.8 


68.6 


1.8 


20.4 


66.6 


1947 


340.8 


24.3 


278.7 


11.0 


141.4 


7.5 


13.2 


1.2 


12.2 


1.6 


46.8 


1.6 


19.4 


66.6 


1948f 


393.3 


24.1 


358.8 


11.2 


155.0 


6.5 


25.3 


2.1 


17.4 


1.9 


78.4 


2.0 


20.0 


67.8 



MANITOBA 



1940 


66.4 


3.5 


33.0 


1.3 


27.5 


1.3 


2.3 


.2 


.8 


.1 


.6 


— 


2.2 


8.5 


1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


.2 


3.0 




2.8 


8.5 


1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 




2.4 


8.3 


1943 


39.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 




2.3 


8.4 


1944 


50.3 


2.5 


61.0 


1.6 


54.7 


2.1 


.6 


— 


1.8 


.2 


1.9 




1.8 


8.4 


1945 


38.8 


2.1 


54.5 


1.7 


52.5 


2.1 


.4 


- 


2.8 


.3 


1.3 




2.5 


8.8 


1946 


58.0 


2.5 


50.0 


1.4 


43.0 


1.7 


.3 


- 


3.0 


.3 


.8 


— 


2.6 


8.6 


1947 


43.0 


2.5 


39.0 


1.4 


34.0 


1.9 


.6 


- 


5.2 


.6 


.6 


- 


2.2 


8.6 


1948f 


57.0 


2.4 


60.0 


1.5 


45.0 


1.5 


2.0 


.1 


10.0 


1.1 


.7 


- 


2.1 


8.7 



SASKATCHEWAN 



1940 


266.7 


15.6 


93.0 


3.9 


23.5 


1.3 


7.0 


.6 


1.7 


.2 


.5 





10.2 


31.8 


1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


- 


13.8 


33.0 


1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


1943 


146.0 


9.6 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


33.9 


1944 


242.1 


13.2 


198.0 


5.6 


72.0 


2.7 


4.8 


.4 


6.4 


.9 


3.8 


.1 


11.6 


34.6 


1945 


168.0 


13.6 


143.0 


5.7 


54.5 


2.7 


2.6 


.3 


3.8 


.7 


1.4 


.1 


11.7 


34.7 


1946 


208.0 


14.2 


100.0 


4.3 


43.0 


2.3 


4.0 


.4 


2.6 


.5 


.2 


- 


11.8 


33.4 


1947 


173.0 


14.2 


80.0 


4.0 


45.0 


2.8 


6.8 


.7 


4.2 


.7 


.1 


- 


11.5 


33.9 


1948| 


191.0 


14.4 


89.0 


3.7 


42.0 


2.3 


10.5 


1.2 


4.0 


.6 


.1 


- 


11.7 


33.9 



ALBERTA 



1940 


180.7 


8.7 


103.0 


2.6 


32.0 


1.1 


3.0 


.2 


.4 


_ 


.8 


_ 


4.9 


17.6 


1941 


98.0 


6.5 


63.8 


2.8 


28.0 


1.5 


1.9 


.2 


.8 


.1 


.9 




6.5 


17.7 


1942 


171.0 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


.2 


2.2 


.2 


2.7 




5.9 


17.9 


1943 


82.8 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.6 


2.2 




6.3 


17.8 


1944 


99.3 


6.7 


111.8 


3.2 


51.7 


1.9 


1.7 


.1 


1.2 


.2 


1.6 




6.0 


18.2 


1945 


87.7 


6.8 


76.0 


3.3 


37.0 


2.0 


1.5 


.1 


.7 


.1 


1.4 




5.7 


18.2 


194(i 


127.0 


7.0 


97.0 


2.8 


48.0 


1.8 


2.9 


.2 


.6 


.1 


.7 


- 


6.0 


17.8 


1947 


103.0 


6.6 


75.0 


2.5 


52.0 


2.4 


4.3 


.3 


2.2 


.3 


.4 


- 


5.8 


17.9 


1948f 


115.0 


6.3 


75.0 


2.4 


55.0 


2.2 


9.9 


.6 


2.5 


.2 


1.1 


- 


6.2 


17.9 















OTHER PROVINCES 














1940 


26.4 


1.0 


151.5 


4.5 


21.3 


.7 


1.7 


.1 


.2 





54.9 


1.6 


* 


7.9 


1941 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 


.1 


./ 


- 


62.4 


1.9 


* 


7.5 


1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


— 


80.8 


2.0 


* 


7.7 


1943 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 


.1 


.3 


- 


43.4 


1.7 


* 


6.7 


1944 


24.9 


.8 


128.8 


3.9 


16.3 


.5 


1.4 


.1 


.3 


_ 


67.4 


1.8 


* 


7.2 


1945 


23.9 


.8 


108.1 


3.6 


13.8 


.5 


1.4 


.1 


.3 


- 


58.5 


1.8 


* 


6.8 


1946 


20.7 


.7 


124.1 


3.6 


14.9 


.5 


1.5 


.1 


.2 


- 


66.9 


1.7 


* 


6.6 


1947 


21.8 


.9 


84.7 


3.2 


10.4 


.4 


1.6 


.1 


.7 


.1 


45.7 


1.6 


* 


6.2 


1948f 


30.3 


1.1 


134.8 


3.7 


13.0 


.4 


3.0 


.1 


.9 


.1 


76.5 


1.9 


* 


7.3 



(1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces only. * Not available, t Revised estimate 



31 



FEBRUARY 1949 I 



XI— FISHERIES STATISTICS : 1935-47 

" Fislieries Statistics of Canada", Dominion Bureau of Statistics 
INVESTMENT, EMPLOYMENT AND EXPORTS 





INVESTMENT 


EMPLOYMENT 


EXPO 






Primary 


Canning 

and 
Curing 


Total 


Primary 


Canning 

and 
Curing 


Total 




Calendar 
Years 


Sea 


Inland 


Sea 


Inland 






Millions of Dollars 




Thousands c 


/ Employees 




mm. lbs. 


$mm. 


1935 


21.9 


4.5 


17.1 


43.5 


56.8 


11.7 


14.4 


82.9 


323 


24.0 


1936 


22.6 


4.7 


18.6 


45.9 


58.4 


13.4 


15.2 


87.0 


321 


24.0 


1937 


21.9 


4.9 


18.1 


44.9 


55.8 


14.2 


14.0 


84.0 


324 


26.8 


1938 


21.7 


4.9 


22.0 


48.6 


57.0 


14.5 


14.5 


86.0 


286 


25.3 


1939 


20.9 


4.9 


21.5 


47.3 


55.2 


13.7 


14.8 


83.8 


330 


27.7 


1940 


21.3 


5.0 


23.3 


49.5 


54.8 


14.0 


15.0 


83.9 


324 


29.8 


1941 


22.2 


5.4 


27.5 


55.1 


48.4 


15.3 


15.8 


79.6 


412 


39.5 


1942 


23.7 


5.4 


33.6 


62.6 


47.6 


13.8 


15.7 


77.1 


399 


47.9 


1943 


25.1 


6.0 


30.7 


61.9 


45.9 


15.6 


15.9 


77.4 


401 


56.9 


1944 


28.5 


6.6 


32.3 


67.3 


46.4 


17.8 


17.3 


81.5 


435 


63.2 


1945 


33.6 


7.3 


33.9 


75.0 


48.0 


19.7 


17.5 


85.2 


474 


79.9 


1946 


39.5 


7.9 


* 


* 


52.0 


21.6 


19.4 


92.9 


517 


85.7 


1947f 


49.5 


9.0 


* 


* 


47.2 


18.2 


18.6 


84.0 


474 


81.9 



VALUE OF PRODUCTION 1 





Total 


By Type 






i 


y Provinces 








Calendar 
Years 


Marketed 
FreshO) 


Canned' 4 ' 

and 
Cured 


P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 

Sask. 

Alta. and 

Yukon 


B.C. 






Millions of Dollars 










1935 


34.4 


16.2 


18.3 


.9 


7.9 


3.9 


1.9 


2.9 


1.8 


15.2 


1936 


39.2 


18.9 


20.3 


1.0 


8.9 


4.4 


2.1 


3.2 


2.4 


17.2 


1937 


39.0 


19.9 


19.0 


.9 


9.2 


4.4 


1.9 


3.6 


2.7 


16.2 


1938 


40.5 


18.6 


21.9 


.9 


8.8 


4.0 


2.0 


3.4 


2.8 


18.7 


1939 


40.1 


19.4 


20.6 


1.0 


8.8 


5.1 


2.0 


3.0 


2.6 


17.7 


1940 


45.1 


20.4 


24.7 


.7 


9.8 


5.0 


2.0 


3.0 


2.9 


21.7 


1941 


62.3 


25.7 


36.6 


1.0 


12.6 


6.5 


2.8 


3.5 


4.0 


31.7 


1942 


75.1 


31.3 


43.8 


1.6 


15.3 


7.1 


4.2 


4.1 


4.7 


38.1 


1943 


85.6 


42.3 


43.3 


2.9 


21.7 


11.1 


5.6 


5.3 


6.5 


32.5 


1944 


89.4 


45.7 


43.7 


2.6 


23.7 


12.0 


5.4 


4.9 


6.0 


34.9 


1945 


113.7 


58.7 


55.0 


3.1 


30.7 


13.3 


7.7 


7.3 


7.0 


44.5 


1946 


121.1 


59.4 


61.7 


4.5 


34.3 


16.4 


7.9 


6.3 


7.9 


43.8 


1947f 


124.1 


46.6 


77.5 


2.9 


26.7 


17.1 


5.3 


5.4 


7.9 


58.8 







VOLUME' 5 ' AND VALUE 


<2 ' OF PRODUCTION BY SPECIES 






Calendar 
Years 


Total 
Sea 


Total 
Inland 


SALMON 


COD 


LOBSTER 


HERRING 


$n 


»m. 


mm. lbs. 


$mm. 


mm. lbs. 


$mm. 


mm. lbs. 


$mm. 


mm. lbs. 


$mm. 


1935 


29.2 


5.3 


182 


12.5 


154 


2.8 


32 


4.4 


206 


1.8 


1936 


33.0 


6.2 


203 


13.9 


170 


3.3 


28 


4.4 


285 


2.6 


1937 


32.0 


7.0 


172 


12.4 


152 


3.1 


31 


4.6 


306 


2.6 


1938 


33.8 


6.7 


177 


15.0 


170 


3.3 


31 


3.8 


253 


2.5 


1939 


34.0 


6.1 


150 


13.4 


164 


3.2 


31 


3.8 


336 


3.8 


1940 


38.9 


6.2 


146 


14.2 


193 


5.0 


27 


3.2 


469 


6.3 


1941 


54.3 


7.9 


194 


21.5 


196 


7.5 


28 


3.9 


279 


6.7 


1942 


66.0 


9.1 


165 


22.9 


194 


10.0 


28 


5.1 


362 


10.9 


1943 


73.2 


12.4 


124 


15.6 


216 


13.1 


30 


8.2 


323 


11.9 


1944 


78.1 


11.3 


110 


16.4 


236 


14.8 


33 


9.0 


322 


11.0 


1945 


99.0 


14.9 


173 


26.0 


293 


19.7 


37 


13.3 


395 


13.9 


1946 


106.5 


14.6 


152 


25.2 


327 


21.7 


38 


14.5 


374 


17.3 


1947f 


110.4 


13.6 


165 


36.4 


234 


14.4 


32 


10.8 


398 


17.9 



(1) Excluding fishery by-products. (2) Amount received by distributors. (3) Includes small amounts of cured fish prepared by fishermen 

(4) By cannings and curing establishments. (5) Caught and landed. tPrelimmary. *Not available. 



FEBRUARY 194'J 



$mm. Canadian 



32 



XII— INTERNATIONAL TOURIST TRADE 

Dominion Bureau of Statistics 
EXPENDITURES OF FOREIGN TRAVELLERS IN CANADA 





1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Travellers from U.S.A. 




















By Automobile 


50 


54 


20 


17 


24 


57 


98 


110 




By Rail 


27 


2S 


32 


49 


07 


64 


61 


57 




By Boat 


6 


7 


4 


6 


8 


13 


17 


22 




By Bus' 11 


G 


7 


6 


5 





13 


10 


17 




Other' 2 ' 


9 

98 


11 
107 


11 
79 


10 

87 


11 
117 


10 
103 


24 
210 


27 
241 




Total U.S.A. 


270 


Travellers from Overseas 




















Total 


7 


4 
111 


3 
82 


3 


3 
120 


3 
166 



223 


10 
251 


12 


Total All Countries 


105 


90 


282 



EXPENDITURES OF CANADIAN TRAVELLERS IN FOREIGN COUNTRIES 



Travellers to U.S.A. 




















By Automobile 


10 


4 


3 


2 


4 


8 


22 


33 




By Rail 


20 


9 


14 


22 


33 


39 


50 


52 




By Boat 


1 


1 


1 


1 


1 


2 


3 


4 




By Bus (1) 


3 


2 


3 


3 


9 


17 


29 


35 




Other (2) 



40 


3 

18 


5 
24 



34 


10 

57 


15 

SI 


27 
130 


28 
152 




Total U.S.A. 


112 


Travellers Overseas 




















Total 


3 


3 


3 


4 


3 


2 





15 


20 


Total All Countries 


43 


21 


28 


37 


60 


83 


136 


167 


132 



Estimated Balance of 
Payments on Tourist Account 



62 



90 



55 



52 



60 



83 



86 



84 



150 



(1) Exclusive of local bus. (2) Airplanes, local bus, pedestrians, etc. 

INTERNATIONAL TOURIST EXPENDITURES 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



..:.* 




1926 27 



33 



Millions of Dollars 



FEBRUARY 1949 



XIII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTSt 









TOTAL EXPORTS (EXCLUDING GOLD) TO 










U.S.A. 


U.K. 


U.K. 
Dependen- 
cies 
(0 


Union 

of 
South 
Africa 


Other 

British 

Countries 

(2) 


Western 

Europe & 

Colonies 

(3) 


Central 

and 

South 

America 


All 

Other 

(4) 


Total 

All 

Countries 


Calendar Years 

194G 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


Monthly 

1947-Sept. 


89.2 


56.3 


8.9 


4.9 


14.2 


20.8 


12.7 


13.1 


220.2 


Oct. 


104.3 


66.8 


10.3 


5.2 


15.9 


26.1 


9.2 


15.4 


253.1 


Nov. 


94.6 


61.6 


13.6 


5.1 


15.5 


24.7 


14.7 


17.8 


247.6 


Dec. 


107.8 


61.6 


9.7 


3.4 


13.9 


33.5 


12.4 


15.7 


258.0 


1948-Jan. 


106.8 


71.8 


10.3 


4.2 


5.5 


24.3 


8.0 


14.3 


245.2 


Feb. 


96.4 


61.5 


5.6 


3.2 


7.1 


22.0 


9.7 


12.3 


217.8 


Mar. 


114.0 


61.8 


8.1 


4.4- 


5.4 


17.4 


9.0 


11.2 


231.3 


Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949-Jan. (S) 


117.6 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.4 



Net 

Non- 
Monetary 
Gold 
Exports 



96 

99 

119 

8.4 

9.2 

7.2 

11.0 

9.6 
8.9 
8.7 
9.5 
8.8 
9.6 

10.8 
9.7 

11.9 
9.6 
9.1 

12.9 

9.7 



Millions of Dollars 




MERCHANDISE IMPORTS 










TOTAL IMPORTS (EXCLUDING GOLD) FROM 




U.S.A. 


U. K. 

* 


U.K. 
Dependen- 
cies 
(1) 


Union 

of 
South 
Africa 


Other 

British 

Countries 

(2) 


Western 

Europe & 

Colonies 

(3) 


Central 

and 

South 

America 


All 
Other 

(4) 


Total 

All 

Countries 


Calendar Years 

1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


194N 


1 ,S06 


299 


105 


4 


86 


77 


223 


37 


2,636 


Monthly 




















1947-Sept. 


163.0 


15.3 


4.3 


.5 


3.7 


4.4 


14.2 


2.5 


207.9 


Oct. 


190.4 


18.1 


6.6 


.7 


8.1 


5.8 


21.3 


3.2 


254.2 


Nov. 


174.4 


17.7 


5.7 


.8 


8.3 


6.4 


14.2 


1.5 


228.9 


Dec. 


141.7 


19.4 


8.1 


.4 


6.1 


4.1 


11.6 


1.8 


193.3 


1948-Jan. 


150.0 


21.5 


4.8 


.2 


7.0 


3.7 


15.5 


3.2 


206.0 


Feb. 


136.8 


17.8 


3.4 


.2 


4.0 


4.0 


14.1 


1.7 


182.1 


Mar. 


138.3 


21.6 


5.6 


.3 


4.8 


5.3 


19.1 


2.0 


197.0 


Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24.0 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.S 


2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 



Exckss OF 
Merch- 
andise 
Exports 

over 
Merch- 
andise 
Imports 



514 
225 

488 

12.3 

/./ 

18.7 

64.8 

39.2 
35.7 
34.3 

4.1 
63.7 

4.9 

26.6 

19.3 
68.6 
56.2 
57.8 

No. 6 



t Includes exports of foreign produce. In the case of wheat, export figures (1) Excludes Newfoundland. 



are based on Board of Grain Commissioners rather than Customs data. (2) 
Imports from the United Kingdom do not include articles imported for 

the use of the armed forces of the United Kingdom. In the years 1946 and (3) 

1947 articles admitted free under Order in Council (9213) and the item (4) 

"Canadian Goods Returned" (9195) are excluded. (5) 



Consists of Eire. India. Pakistan. Burma. Australia, New Zealand, Icelan 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Newfoundland, Egypt, Spain and Palestine 

Preliminary. 






_ 



FEBRUARY 1949 



34 




EXPORTS AND IMPORTS BY COUNTRIES" 



IMPORTS 



RUNNING 12-MONTH TOTALS 



MILLIONS OF DOLLARS 

2100 



2000 




* Excluding gold. See footnotes to table on page 3S. 



35 
















FEBRUARY 1949 


■■:. 
















XIV 


—MERCHANDISE IMPOR MO 


















Compiled from "Trade of Cat 




Millions of Dollars 
















(I 




Calendar 
Years 


Fruits 
and 
Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Alcoholic 
Beverages 

(0 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(incl. syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 
and mfd.) 




Veg 

a 

An 

Pro 


1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 


j ■ 


1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 






1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 






1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 


1 




1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


■ 


1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


Monthly 

1947— Aug. 


7.4 


.5 


2.7 


5.5 


1.2 


1.0 


2.2 


2.1 


.8 


1.7 


i 


Sept. 


5.6 


.5 


2.2 


5.5 


2.4 


.9 


1.2 


1.5 


1.6 


2.0 




Oct. 


9.5 


1.5 


4.8 


8.3 


4.5 


1.7 


5.1 


2.0 


2.8 


2.2 


'i 


Nov. 


7.7 


2.9 


6.3 


5.6 


4.0 


1.8 


1.8 


1.9 


2.8 


2.2 


Ij 


Dec. 


6.5 


.7 


4.2 


5.3 


3.7 


1.8 


.8 


2.8 


2.1 


1.8 


<i 


1948— Jan. 


6.3 


.3 


2.7 


2.4 


4.4 


1.4 


1.4 


3.3 


3.4 


1.9 


;2 


Feb. 


5.3 


.6 


2.8 


2.6 


3.5 


1.0 


1.5 


1.4 


3.8 


2.2 


,| 


Mar. 


6.1 


.6 


2.9 


4.1 


2.1 


1.0 


1.7 


2.8 


1.7 


1.3 


l) 


Apr. 


7.5 


1.4 


1.7 


6.1 


2.4 


.9 


1.9 


3.1 


1.5 


1.5 


it 


May 


8.5 


1.1 


2.3 


7.7 


2.7 


.9 


3.2 


2.0 


2.1 


1.4 


"1 ' 


June 


7.3 


1.1 


2.1 


7.0 


5.2 


1.1 


2.2 


3.0 


1.2 


1.3 


1 ' 


July 


7.3 


.5 


1.3 


6.4 


3.2 


1.0 


1.0 


2.3 


1.1 


1.4 


I « 


Aug. 


6.0 


.1 


1.2 


7.7 


3.8 


1.1 


.9 


2.7 


.6 


1.7 


1 ; 


Sept. 


8.0 


.1 


1.4 


7.2 


3.6 


1.1 


.8 


2.3 


2.0 


1.3 


1 


Oct. 


7.4 


- 


1.7 


8.4 


3.4 


1.5 


2.8 


3.5 


2.3 


1.7 


3 ; 


Nov. 


10.7 


.8 


5.3 


6.3 


3.7 


2.2 


.8 


2.4 


1.9 


1.5 


3 


Dec. 


10.2 


.9 


5.1 


5.7 


3.7 


2.6 


.7 


2.8 


2.9 


1.6 


1 



Calendar 
Years 



1929 
1932 
1937 
1946 
1947 
1948 

Monthly 

1947— Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1948— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 

July 
Aug. 
Sept. 

Oct. 

Nov. 

Dec. 



Chemicals 

and 

Allied 

Products 



40 

28 

37 

93 

113 

118 

8.5 
9.3 
9.9 
9.7 
8.6 

9.6 

8.5 
10.3 
10.9 
10.0 

9.4 

10.2 
8.9 
8.9 

10.8 
10.6 
10.3 



Iron 
Ore 



5 

6 

13 
16 

2.1 
1.9 
1.8 
1.0 

.4 

.1 



.1 
1.4 
2.4 



Pigs. Ingots 
Blooms 

and 
Billets 



Bars and 

Rods incl. 

Rails 



12 
1 
5 

8 
12 
12 

.8 
1.0 
1.1 
1.0 

.9 

1.2 
.9 
.9 
.9 
.8 

1.0 

.8 

.8 

.9 

1.2 

1.3 

1.2 



Sheets. 

Plates. 

Hoop, Band 

and Strip 



37 

11 
37 

38 
48 
54 

4.2 
4.0 
3.9 
3.7 
4.6 

3.9 

3.6 
4.1 
4.4 
4.6 

4.8 

3.9 
3.9 
4.9 
5.0 
5.5 
5.6 



Structural 

Iron and 

Steel 



15 

1 

4 

8 

18 

18 

1.3 
1.6 
2.3 
2.0 
2.0 

1.7 
1.2 
2.0 
1.9 
1.7 
1.8 

1.2 
1.0 
1.1 
1.2 
1.5 
1.6 



Castings 

and 
Forgings 



6 
2 
3 

7 

9 

10 

.5 
.6 
.6 

.7 
.6 

.7 
.6 
.9 
.7 
.8 
1.0 

1.0 

.8 
.8 
.8 
.9 
.6 



Engines, 

Loco- 
motives 
and Boilers 



18 
6 
11 
29 
44 
50 

3.2 
3.5 
4.2 
5.0 
4.0 

5.4 
4.6 
4.4 
4.3 
4.6 
3.8 

3.5 
3.0 
3.5 
4.3 
5.2 
3.7 



Farm 
Implements 

and 
Machinery 



32 

2 

17 

68 

105 

140 

9.6 

8.4 
9.2 
7.8 
8.5 

9.1 
10.9 
10.5 
15.0 
11.7 
13.5 

11.6 

10.3 
11.6 
12.0 
11.2 
12.7 



Machinery 
(except 

agri- 
cultural) 



70 

16 

46 

130 

206 

217 

16.9 
17.7 
20.1 
17.1 
17.8 

21.4 
20.6 
17.9 
20.1 
18.8 
19.4 

18.0 
13.5 
14.9 
17.4 
17.2 
17.8 



Ve 



(1) Before 1935 import totals are substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country. 
in Council (9213) and the item "Canadian Goods Returned" (9195) are excluded. 



t Imports n 1 



II s --. 





FEBRUARY 


1949 




















|HMODITY CLASSIFICATION 
















nion Bureau of Statistics 




















Hd) 
















Millions of Dollars 




1 Cotton 


Silk 

(raw and 

mfd.) 


Wool 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 






nd 
d. 


Mfd. 


Raw and 

Unmfd. 


Mfd. 


Calendar 
Years 




1 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 




I 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 




I 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 




) 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 






119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 




• 


78 


4' 


48 


67 


30 


27 


39 


17 


31 


25 


1948 




r 


6.8 


.5 


3.5 


4.1 


2.0 


3.0 


3.0 


1.7 


2.6 


3.0 


Monthly 

Aug.— 1947 




l 


7.4 


.5 


2.2 


4.3 


2.0 


2.5 


3.2 


1.8 


2.8 


2.8 


Sept. 




' 


8.6 


.5 


2.1 


5.2 


2.6 


4.1 


3.8 


2.3 


3.2 


2.9 


Oct. 




J 


7.1 


.6 


2.1 


4.4 


2.4 


4.7 


4.3 


2.1 


2.9 


2.7 


Nov. 




r 


5.6 


.4 


2.7 


4.8 


2.3 


2.2 


4.1 


1.4 


2.4 


1.5 


Dec. 




! 


5.9 


.3 


2.8 


5.7 


2.4 


2.5 


3.7 


1.2 


2.5 


1.7 


Jan.— 1948 




: 


5.3 


.4 


2.9 


4.8 


1.8 


1.7 


2.1 


1.3 


2.6 


1.9 


Feb. 




5.8 


.3 


3.2 


5.2 


2.5 


2.6 


3.8 


1.6 


2.5 


2.2 


Mar. 




» 


7.1 


.4 


5.3 


5.8 


2.5 


.8 


4.1 


1.7 


2.8 


3.3 


Apr. 




f 


6.8 


.4 


5.3 


6.4 


2.5 


4.1 


3.0 


1.6 


2.6 


2.3 


May 




; 


7.0 


.3 


4.2 


5.9 


2.2 


4.0 


2.8 


1.6 


2.5 


2.0 


June 


Si 


7.3 


.3 


5.0 


6.1 


2.5 


1.4 


3.7 


1.3 


2.5 


1.7 


July 


y 


5.9 


.3 


4.8 


5.5 


2.3 


1.4 


3.1 


1.3 


2.3 


2.0 


Aug. 




5.7 


.2 


4.1 


5.2 


2.3 


1.8 


3.4 


1.3 


2.5 


1.9 


Sept. 




7.7 


.4 


3.7 


5.4 


2.7 


2.6 


4.0 


1.5 


3.0 


1.9 


Oct. 




7.6 


.3 


3.1 


6.0 


3.1 


2.8 


3.2 


1.5 


2.9 


1.9 


Nov. 


6 


6.2 


.3 


3.3 


5.2 


2.7 


1.8 


2.7 


1.4 


2.6 


2.4 


Dec. 



36 



* 


Bauxite 


Tin 


Electrical 


Other 


Coal 


Petroleum 




Other 
Non- 


All 
Other 


Total t 


Calendar 


* 


Ore 


Products 


Apparatus 


Metals 


Products 


Products 




metallic 
Minerals 


Imports 


Imports 


Years 


■ 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 




2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 




4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 




9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


'• 


9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 




10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


194S 

Monthly 




.9 


.9 


4.9 


6.7 


12.2 


22.3 


1.8 


5.9 


14.2 


204.0 


Aug.— 1947 


10 


.8 


- 


5.7 


5.9 


17.2 


18.4 


2.0 


5.9 


14.0 


207.9 


Sept. 


12 


1.3 


- 


6.5 


7.8 


16.9 


23.2 


2.5 


6.8 


14.7 


254.2 


Oct. 


11 


.7 


1.2 


6.0 


6.2 


15.6 


19.2 


2.4 


6.1 


15.0 


228.9 


Nov. 


9 


.9 


- 


5.0 


5.2 


13.1 


18.4 


1.7 


4.4 


9.1 


193.3 


Dec. 


11 


.2 


— 


5.7 


5.4 


14.3 


18.7 


2.1 


5.1 


9.8 


206.0 


Jan.— 1948 


9 


.3 


.3 


5.1 


4.4 


14.8 


15.2 


1.7 


4.4 


8.5 


182.1 


Feb. 


10 


.2 


.8 


5.2 


6.2 


14.1 


16.6 


2.1 


4.6 


9.8 


197.0 


Mar. 


11 


.5 


.5 


6.2 


6.9 


13.2 


24.1 


2.5 


5.6 


10.6 


226.6 


Apr. 


10 


1.2 


.4 


6.1 


7.3 


12.5 


23.4 


2.9 


6.7 


9.8 


225.1 


May 


10 


1.1 


.7 


6.3 


5.8 


17.8 


30.7 


2.5 


6.7 


8.8 


233.0 


June 


10 


1.4 


.4 


4.9 


5.7 


17.7 


32.5 


2.1 


6.5 


10.2 


225.1 


July 


7 


1.4 


.9 


3.5 


5.8 


20.1 


33.0 


1.7 


6.4 


8.4 


206.4 


Aug. 


9 


1.0 


.7 


4.1 


5.3 


24.4 


33.0 


1.9 


6.7 


8.8 


221.6 


Sept. 


11 


1.2 


1.4 


4.7 


7.4 


21.3 


31.7 


2.2 


7.5 


9.7 


243.4 


Oct. 


12 


1.0 


.2 


5.1 


8.7 


19.3 


20.6 


2.4 


6.9 


10.2 


238.1 


Nov. 


12 

I 


.4 


1.6 


5.2 


6.9 


16.7 


21.7 


1.9 


5.8 


9.9 


231.9 


Dec. 



m tt'' vingdom do not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada : 

Liabilities and Assets 37-38 

Money Supply and Inactive Notice Deposits 37 

Bank of Canada and Chartered Banks: Government of 

Canada Securities and all other Loans and Investments ... 38 

II Chartered Banks: 

Liabilities and Assets 39-40 

III Money Supply and Related Bank Assets 39-40 

IV Security Prices: 

Govt. Securities Payable in Canada only 41 

Govt. Securities, Canada, U.K. and U.S. A 41 

V Business Activity 42 

VI Newsprint : North America 42 

VII Wholesale Prices 43 

VIII Cost of Living 43 

IX Commercial Failures 44 

Commercial Failures 44 

X Public Finance: Federal Government 

Cash Requirements 45 

Sources of Financing .... 46 

Income Tax Rates: Canada 47-48 

Distribution of Total Tax Collections 48 

Income Tax Rates: Canada, U.S.A. and U.K 49 

XI Cash Income From The Sale of Farm Products 50 

Cash Income from the Sale of Farm Products 50 

XII Merchandise Exports: Commodity Classification 51-52 

XIII Exports and Imports By Countries 53 

XIV U.S.A. Statistics: 

Banking, Security Market, Production, Income and Prices ... 54 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



MARCH 1949 



37 



Millions of Dollars 



MARCH 1949 I 





LIABILITIES 




Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits ' 


Active 
B. of C. 

Note 
Circulation 


All 

Other 
Accounts 


7 

To 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liab 

c 
As;* 


Average of 




















Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2 A 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3.3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


+J 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,4.9 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8 1.7 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8.8 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


l,9'.c 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9.. 


End of 

1947— Sept. 


170.1 


481.1 


651.2 


128.2 


62.0 


1.9 


1,002.1 


38.6 


1,8,1 


Oct. 


142.8 


548.7 


691.5 


143.4 


71.2 


.7 


1,036.6 


46.2 


1,9 W 


Nov. 


148.2 


536.7 


684.9 


84.2 


62.0 


1.4 


1,034.1 


41.5 


1,91.1 


Dec. 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,9U 


1948— Jan. 


147.2 


538.3 


685.5 


44.6 


60.6 


- 


1,010.3 


41.6 


1,8!. 


Feb. 


135.7 


531.8 


667.5 


60.8 


75.0 


.6 


1,020.6 


23.4 


M r.s 


1948— Sept. 


172.2 


550.9 


723.1 


87.3 


78.2 


.2 


1,095.5 


44.6 


2,(R; 


Oct. 


160.4 


581.0 


741.4 


110.0 


72.2 


1.0 


1,114.7 


40.3 


2,CW 


Nov. 


190.2 


579.6 


769.8 


86.5 


64.1 


.1 


1,083.3 


59.2 


2,CU 


Dec. 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,U.< 


1949— Jan. 


182.2 


545.1 


727.3 


141.8 


86.8 


- 


1,047.0 


42.5 


2,(3. 


Feb. 


167.4 


531.0 


698.4 


178.4 


79.6 


.4 


1,054.4 


25.3 


2,(6. 



(1) Includes foreign exchange items for account of foreign clients. ■fcMay 1940 and subsequent figures give effect to the enactment, under the War Measure 10, 
short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Board. Since that date the Bank's minimum golds* 



MONEY SUPPLY AND INACTIVE NOTICE DEPOSITS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4000 



4000 



3000 



3000 



2000 



1000 




■i MARCH 1949 




















-5) CANADA 








Millions of Dollars 






ASSETS 






Silver 


Foreign" 1 
Currencies 


Securities 


Advances 


All 
Other 

Accounts 




Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 




Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


• 1.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


2.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


O.S 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


jf 




• 


• 


• 






• 








■ - 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


;.: - 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


: - 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


- 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 


\\\- 


— 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 


1, L 


- 


1.9 


1,088.0 


744.7 


25.0 


- 


1,857.7 


- 


24.5 


Sept.— 1947 


1 - 


- 


.7 


1,136.4 


799.4 


25.0 


- 


1,960.8 


- 


28.1 


Oct. 


1 1 


- 


1.4 


1,039.9 


820.6 


25.0 


- 


1,885.5 


- 


21.2 


Nov. 


!: 


- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


- 


18.7 


Dec. 


- 


- 


931.3 


863.2 


25.0 


- 


1,819.5 


- 


23.2 


Jan. — 1948 


l L- 


- 


.8 


974.4 


825.7 


25.0 


- 


1,825.1 


- 


22.0 


Feb. 




— 


.3 


1,216.3 


757.2 


25.0 


— 


1,998.5 


— 


30.2 


Sept.— 1948 


- 


- 


1.1 


1,279.6 


741.3 


25.0 


- 


2,045.9 


- 


32.6 


Oct. 


. - 


- 


.1 


1,222.1 


794.0 


25.0 


- 


2,041.1 


- 


21.7 


Nov. 


I b 


- 


.5 


1,233.7 


779.1 


25.0 


- 


2,037.7 


- 


20.4 


Dec. 


! 1 


- 


.1 


1,188.3 


806.9 


25.0 


- 


2,020.2 


- 


25.1 


Jan. — 1949 




— 


.5 


1,180.5 


800.7 


25.0 


— 


2,006.2 


— 


29.8 


Feb. 


"■■ -reign Exchange Acquisition Order a 


nd the Excha 


nge Fund Ore 


er. Under these orders the Bank's gold and foreign exchange holdings, over and above its 


-nent ha 


s been suspeni 


led. 



















38 



BANK OF CANADA AND CHARTERED BANKS 
GOVT. OF CANADA SECURITIES AND ALL OTHER LOANS &. INVESTMENTS 



MILLIONS OF DOLLARS 



MILLIONS OT DOLLARS 







5000 



4000 



3000 




2000 



GOVT OF CANADA SECURITIES (NET) 



/ 



=*i 



/ 



J 



ALL OTHER LOANS AND 
INVESTMENTS 



5000 



4000 



3000 



2000 



1000 



JI 



1946 1947 . 1948 1949 

* Includes Bank of Canada net holdings of gold and foreign exchange; Canadian dollar deposits of the Government of Canada at chartered banks 
and Bank of Canada are deducted. 



39 























MARCH 1949 


















• 




II— CHAM 


Millions of Dolla 


rs 


















Ba\ 








LIABILITIES 










Notes 


Deposits 


Cash 

in (3) 


Securities 








Govt, of 


Canadian 




Total 


Govt, of 


Canada 


Foreign 
Govt. 








Demand 


Notice 


Canada 


Deposits 


Foreign 


Deposits 




and Provincial 


o 










and Prov. 




<2) 




Under 2yrs. 


Over 2 yrs. 




Average of 
























1 


Month-end figures 


























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


S] 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


Si 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290 


4\ 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 




1947-Sept. 


19 


2,163 


3,806 


224 


6,262 


843 


7,217 


651 


634 


2,627 


279 


1 1 


Oct. 


19 


2,263 


3,753 


267 


6,337 


832 


7,286 


691 


584 


2,562 


277 


l ) 


Nov. 


18 


2,126 


3,710 


442 


6,337 


836 


7,279 


685 


690 


2,422 


282 


i y 


Dec. 


18 


2,296 


3,740 


376 


6,473 


824 


7,406 


720 


731 


2,385 


271 


. i 


1948-Jan. 


18 


2,073 


3,824 


383 


6,339 


809 


7,255 


686 


837 


2,360 


263 


! 1 


Feb. 


18 


2,105 


3,881 


241 


6,281 


801 


7,203 


668 


820 


2,372 


264 


ill 


1948-Sept. 


17 


2,360 


4,049 


368 


6,830 


823 


7,752 


723 


952 


2,430 


256 


i a 
1 1 


Oct. 


17 


2,341 


4,040 


417 


6,842 


804 


7,745 


741 


894 


2,466 


246 


. ,| 


Nov. 


16 


2,534 


4,086 


401 


7,090 


819 


8,005 


770 


927 


2,460 


242 


;0 


Dec. 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


922 


2,513 


242 


1 2 


1949-Jan. 


16 


2,337 


4,118 


487 


6,999 


800 


7,885 


727 


932 


2,549 


238 


2 


Feb. 


16 


2,289 


4,159 


508 


7,017 


799 


7,902 


698 


939 


2,587 


226 


A 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and El 



III 



MONEY SUPPLY SF 



Millions of Dollars 








MONEY SUPPLY 










B 




Currency 
Outside Banks 


Bank Deposits 


Mon 








Chartered Banks 






Bank of 
































Notes (l > 


Coin< 2 > 


Total 


Demand (3) 


Active 
Notice' 4 ' 


Other' 5 ' 
excl. Govt, 
of Canada 


Total 


Deduct 
Floats 


Net 
Total 


"Other" 
Deposits 

(7) 


Total 


Supi 


As at Dec. 31 


























1938 


207 


31 


238 


734 


187 


42 


963 


116 


847 


3 


850 


1,0, 


1940 


341 


38 


379 


1,031 


203 


112 


1,346 


172 


1,174 


10 


1,184 


1,5 


1944 


930 


60 


990 


1,862 


363 


153 


2,378 


243 


2,135 


28 


2,163 


3,1 


1945 


992 


63 


1,055 


2,063 


474 


172 


2,709 


280 


2,429 


30 


2,459 


3,5 


1946 


1,031 


65 


1,096 


2,291 


614 


229 


3,134 


328 


2,806 


94 


2,900 


3,9. 


1947 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2.764 


68 


2,832 


3,9 1 


1948 

End of 

1947-Sept. 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,3 i 


1,021 


65 


1,086 


2,163 


593 


236 


2,992 


317 


2,675 


62 


2,737 


3,81 


Oct. 


1,055 


66 


1,121 


2,263 


591 


237 


3,091 


356 


2,735 


71 


2,806 


3,9 < 


Nov. 


1,052 


66 


1,118 


2,126 


593 


217 


2,936 


251 


2,685 


62 


2,747 


3,s; 


Dec. 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,91 


1948-Jan. 


1,028 


65 


1,093 


2,073 


609 


214 


2,896 


232 


2,664 


61 


2,725 


3,8 i 


Feb. 


1,038 


66 


1,104 


2,105 


620 


220 


2,945 


230 


2,715 


75 


2,790 


3,c» 


1948-Sept. 


1,112 


68 


1,180 


2,360 


645 


267 


3,272 


377 


2,895 


78 


2,973 


4,13 


Oct. 


1,131 


70 


1,201 


2,341 


647 


239 


3,227 


292 


2,935 


72 


3,007 


4,S* 


Nov. 


1,100 


69 


1,169 


2,534 


651 


271 


3,456 


362 


3,094 


64 


3,158 


4,: 


Dec. 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,: 


1949-Jan. 


1,063 


68 


1,131 


2,337 


634 


266 


3,237 


293 


2,944 


87 


3,031 


4,12 


Feb. 


1,070 


69 


1,139 


2,289 


640 


260 


3,189 


317 


2,872 


80 


2,952 


4,1 



(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-persona) notice deposits. 



(5) Chartered banks' Canadian dollar deposits of provincial governi 
Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end retu i <• 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published mon ■ 
statements — i.e. excluding Government of Canada, chartered wi 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the ami t of 
foreign currency deposit liabilities. 



MARCH 1949 



40 



IP BANKS 

Icido 



Millions of Dollars 



ASSETS 




Loans 






CANADA 


ABROAD 


Total 

Assets 


Ital 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


99 


267 


1,343 


112 


301 


248 


3,528 


96 


117 


1,032 


165 


84 


172 


2,869 


126 


107 


732 


117 


68 


165 


3,317 


4 87 


132 


1,223 


44 


87 


155 


7,430 


4 08 


104 


1,693 


54 


76 


198 


7,811 


4 20 


81 


1,923 


75 


74 


234 


8,140 


3 63 


83 


1,789 


66 


81 


193 


7,782 


3 82 


93 


1,859 


71 


69 


205 


7,865 


3 50 


92 


1,985 


80 


64 


222 


7,860 


3 74 


105 


1,921 


78 


56 


234 


7,974 


3 72 


77 


1,891 


62 


58 


236 


7,825 


3 68 


70 


1,861 


72 


73 


224 


7,775 


4.85 


76 


1,931 


93 


70 


244 


8,323 


4.56 


97 


2,011 


99 


71 


241 


8,324 


*12 


96 


2,129 


72 


80 


250 


8,579 


1S8 


101 


2,077 


71 


78 


240 


8,580 


1.11 


90 


2,054 


77 


73 


244 


8,458 


4.22 




108 


2,033 


86 


79 


247 


8,466 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 
(«) 


Canadian 
Deposits 


_ Note (j) 
Circulation 












Average of 
Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


648 


6,195 


10.5 


1,015 


Sept.-1947 


666 


6,216 


10.7 


1,025 


Oct. 


677 


6,291 


10.8 


1,031 


Nov. 


680 


6,291 


10.8 


1,040 


Dec. 


738 


6,377 


11.6 


1,006 


Jan.-1948 


690 


6,299 


11.0 


1,008 


Feb. 


717 


6,582 


10.9 


1,081 


Sept. -1948 


735 


6,805 


10.8 


1,107 


Oct. 


755 


6,940 


10.9 


1,099 


Nov. 


723 


6,966 


10.4 


1,105 


Dec. 


748 


6,997 


10.7 


1,062 


Jan.- 1949 


719 


6,939 


10.4 


1,055 


Feb. 



tlJ 



iures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
nk of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 1944, an approximate figure only. 



Pi EATED BANK ASSETS 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 





Government of Canada Securities. Gold and 


Exchange 








S; 














All other 
Loans 
and 
Invest- 
ments 

(13) 


Deduct 

Inactive 

Notice 

Deposits 

(U) 


Total 


Bank of< 8 > 
Canada 
Gold and 
Exchange 


Banking' 9 ' 
Securities 


Other Govt. Securities 


Total 


Deduct 

Govt. 

Deposits 

tlJ) 


Net 
Total 


Related 
Bank 
Assets 


Bonds' 10 ' 


Victory' 1 " 

Loan 
Advances 


Total 


at Dec. 31 



























1938 


214 


196 


753 


- 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


4 : J 


1940 


38 


743 


737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


3 : 


1944 


- 


2,321 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


9 : 


1945 


- 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


! 


1946 


- 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 




1947 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 




1948 

End of 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


J" l 


7 -Sept. 


- 


871 


3,747 


- 


3,747 


4,618 


185 


4,433 


2,860 


3,213 


4,080 




Oct. 


- 


863 


3,737 


- 


3,737 


4,600 


227 


4,373 


2,989 


3,162 


4,200 




Nov. 


- 


775 


3,733 


- 


3,733 


4,508 


368 


4,140 


3,103 


3,117 


4,126 


v. 


Dec. 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


;: l.s- 


- 


832 


3,706 


- 


3,706 


4,538 


272 


4,266 


3,020 


3,215 


4,071 




Feb. 


- 


882 


3,655 


- 


3,655 


4,537 


137 


4,400 


2,995 


3,261 


4,134 


13 l 


8-Sept. 


- 


1,142 


3,747 


- 


3,747 


4,889 


241 


4,648 


3,138 


3,403 


4,383 


mi 


1 Oct. 


- 


1,125 


3,801 


- 


3,801 


4,926 


331 


4,595 


3,236 


3,393 


4,438 


at 


Nov. 


- 


1,145 


3,788 


- 


3,788 


4,933 


286 


4,647 


3,375 


3,435 


4,587 


»<-, 


t Dec. 
'9-Jan. 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


131 I 1 


- 


1,094 


3,919 


- 


3,919 


5,013 


420 


4,593 


3,302 


3,484 


4,411 


952 « _ 


Feb. 




1,099 


3,944 


— 


3,944 


5,043 


487 


4,556 


3,286 


3,520 


4,322 



reasury Bills, Deposit Certificates, Treasury notes and any other 
(l('a? term issues sold direct to Bank of Canada and chartered banks. 
Bank of Canada and chartered bank holdings of Government of Canada 
lirect and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
mrchase of Victory Loan issues. 

bartered banks' temporary advances to the public in connection 
vith the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



41 



MARCH 1949 



IV— SECURITY PRICES 

Bank of Canada 







Government of Canada Bonds Payable in Canada Only 








Based on Middle of the Market quotations 






Average of B 


usiness Days 


15th of Each Month 








Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Pei 


petuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 














1948— Mar. 


99.18 


3.02 


2.98 


2.81 


2.26 


1.33 


Apr. 


99.04 


3.03 


2.98 


2.79 


2.29 


1.35 


May 


99.41 


3.02 


2.92 


2.69 


2.30 


1.38 


June 


99.34 


3.02 


2.96 


2.72 


2.32 


1.47 


July 


99.41 


3.02 


2.94 


2.68 


2.26 


1.44 


Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 


Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 


Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 









IV— SECURITY 


PRICES 
















Bank of Canada 












Government Bonds 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada*" 


U. K.»> 


U.S.A.") 






















U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


.411 


.509 


1.037 


Monthly 




















1948— Jan. 


102.25 


2.80 


100.92 


2.90 


101.03 


2.42 


.410 


.514 


.976 


Feb. 


101.85 


2.83 


101.00 


2.90 


101.03 


2.42 


.410 


.503 


.994 


Mar. 


100.27 


2.98 


101.30 


2.86 


101.10 


2.42 


.410 


.506 


.997 


Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


.411 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


.411 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.50' 4 ' 


2.60 w 


102.05 


2.33 


.424 


.523 


1.162 






(1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15. 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. (4) Mar. 1-16. 



(3) U.S. Treasury 2}4% due Dec. 15. 






MARCH 1949 



42 



-BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 




Department 


Employ- 


Aggregate 














idential 
Con- 


Car 


Store Sales 
Index of 


ment 
Index 


Payrolls 












Index 










News- 


Central 


struction 


Loadings 




(3) 


CI) 




Gold 


Nickel 


Steel 


print 
(i) 


Electric 
Stations* 2 ' 


Contracts 
Awarded 




Seasonally 
adjusted 


Unadjusted 
June 1, 


Unadjusted 
June 1, 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 






Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




1935-39=100 


1941 = 100 


1941 = 100 


Annual Totals' 41 






















1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 


- 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1946 


2,833 


96 


2,335 


4,143 


31,063 


213 


3,690 


218.0 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,447 


37,376 


197 


3,957 


251.4 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,601 


40,607 


373 


4,060 


284.0 


128.2 


199.5 


12-Mths. ending 






















Feb. 1949 


3,563* 


132* 


3,249 


4,643 


40,557 


393 


4,046 


285.9* 


128.4 


203.5 


Monthly 






















1947— Aug. 


261.0 


10.0 


233.8 


377.9 


3,060 


25.3 


331 


250.7 


126.1 


178.6 


Sept. 


247.7 


7.6 


234.2 


366.1 


3,074 


22.5 


352 


282.4 


126.5 


180.3 


Oct. 


258.8 


11.5 


256.5 


396.3 


3,297 


17.7 


388 


245.2 


127.6 


184.9 


Nov. 


252.2 


9.9 


255.4 


364.5 


3,227 


20.2 


356 


310.6 


129.5 


189.7 


Dec. 


274.8 


11.5 


249.8 


368.9 


3,389 


13.4 


321 


240.2 


130.7 


193.9 


1948— Jan. 


273.4 


10.8 


256.7 


371.6 


3,397 


15.0 


317 


254.0 


126.9 


178.3 


Feb. 


261.6 


9.7 


239.6 


344.6 


3,171 


15.1 


286 


259.3 


124.0 


185.7 


1948— Aug. 


305.4 


9.0 


263.1 


389.1 


3,408 


44.5 


344 


285.8 


131.6 


207.2 


Sept. 


294.9 


9.8 


257.9 


376.1 


3,363 


34.1 


378 


298.8 


132.2 


209.3 


Oct. 


306.9 


10.3 


281.9 


399.8 


3,538 


32.1 


388 


312.4 


133.1 


215.7 


Nov. 


311.3 


12.7 


278.0 


397.3 


3,388 


29.8 


370 


330.9 


133.3 


218.0 


Dec. 


327.0 


13.0 


280.4 


385.8 


3,415 


17.8 


316 


284.5 


133.8 


219.0 


1949— Jan. 
Feb. 


309.0 


11.2 


284.7 


386.0 


3,405 


30.3 


300 


277.6 


128.4 


204.5 






259.3 


372.3 


3,114 


19.2 


289 




125.3 


207.7 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries. 

(4) Average of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Jan. 1949. 



First of month figures. 






Thousands of Short Tons 



VI— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 



X* 









i 


SUPPLY 








ESTIMATED CONSUMPTION 


STOCKS 






Production 




Imports 

from 
Europe 












Net 












Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 




or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,459 


3,345 


200 


3,545 


86 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1946 


4,143 


363 


771 


5,277 


13 


693 


4,597 


4,296 


248 


4,545 


53 


1947 


4,447 


373 


826 


5,646 


129 


709 


5,065 


4,753 


275 


5,028 


37 


1948 


4,601 


382 


867 


5,850 


267 


542 


5,576 


5,141 


306 


5,447 


129 


12-mths. ending 
























Feb. 1949 


4,643 


399 


882 


5,924 


291 


558 


5,657 


5,183 


311 


5,493 


164 


Monthly 

1947-Aug. 


377.9 


31.9 


70.5 


480.3 


14.6 


72.7 


422.2 


374.8 


22.7 


397.5 


24.7 


Sept. 


366.1 


33.3 


70.7 


470.2 


21.3 


67.5 


424.1 


399.7 


22.7 


422.5 


1.6 


Oct. 


396.3 


34.4 


72.3 


502.9 


14.0 


56.2 


460.7 


452.4 


24.0 


476.4 


15.7 


Nov. 


364.5 


30.5 


66.5 


461.4 


15.2 


55.9 


420.8 


450.7 


23.7 


474.4 


53.6 


Dec. 


368.9 


28.9 


65.9 


463.7 


14.2 


49.3 


428.6 


429.5 


25.8 


455.3 


26.7 


1948-Jan. 


371.6 


28.2 


68.4 


468.2 


14.1 


30.8 


451.5 


375.0 


24.3 


399.3 


52.2 


Feb. 


344.6 


24.8 


60.9 


430.4 


17.0 


23.6 


423.8 


394.8 


23.3 


418.1 


5.7 


1948-Aug. 


389.1 


33.1 


75.7 


498.0 


32.2 


41.8 


488.4 


402.6 


24.7 


427.4 


61.0 


Sept. 


376.1 


32.7 


71.4 


480.2 


14.9 


58.1 


437.0 


4:52.3 


26.1 


458.4 


21.4 


Oct. 


399.8 


35.5 


76.4 


511.8 


19.3 


38.9 


492.1 


4S9.4 


27.4 


516.7 


24.6 


Nov. 


397.3 


34.8 


75.5 


507.6 


21.6 


56.9 


472.3 


467.0 


25.7 


492.7 


20.3 


Dec. 


385.8 


34.5 


74. 8 


495.1 


32. S 


44.6 


483.3 


466.3 


27. S 


494.1 


10.8 


1949-Jan. 


386.0 


34.7 


75.6 


496.3 


29.1 


39.8 


485.6 


421.1 


25.6 


446.7 


38.9 


Feb. 

, 


372.3 


34.6 


68.6 


475.5 


26.0 


30.4 


471.1 


390. S 


26.0 


416.8 


54.3 



43 



MARCH 1949 



VII— WHOLESALE PRICES 



CANADA 

Dominion Bureau of Statistics™ 



Index 1935-39 = 100 
U.K. 

Board of Trade™ 



U.S.A. 

Bureau of Labor Statistics™ 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.5 


180.6 


162.7 


154.2 


167.4 


1948 


229.4 


215.9 


202.4 


184.0 


198.7 


Monthly 












1948- J an. 


218.3 


205.1 


195.1 


179.4 


190.5 


Feb. 


216.2 


203.6 


195.5 


180.3 


191.1 


Mar. 


217.0 


203.7 


195.6 


179.6 


190.5 


Apr. 


221.7 


207.5 


198.0 


180.6 


192.6 


May 


228.0 


210.9 


199.7 


180.6 


194.6 


June 


238.7 


215.6 


205.7 


180.8 


197.0 


July 


239.6 


214.0 


205.3 


182.0 


197.1 


Aug. 


238.2 


224.9 


206.9 


188.2 


204.7 


Sept. 


236.2 


225.0 


206.6 


189.0 


205.2 


Oct. 


232.7 


226.7 


207.0 


189.0 


206.5 


Nov. 


232.4 


227.5 


206.9 


189.1 


207.1 


Dec. 


233.6 


226.3 


207.0 


189.2 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


182.9 


213.6 


190.1 


218.2 


189.8 


218.7 


191.4 


220.8 


191.5 


222.0 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.6 


262.1 


239.5 


227.4 


190.6 


205.6 


243.8 


227.7 


218.0 


186.6 


199.6 


244.7 


227.5 


219.7 


188.2 


200.2 


245.7 


228.5 


223.4 


190.3 


202.0 


248.8 


231.2 


224.3 


191.4 


203.3 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39= 100 from base 1926= 100. 

(2) Adjusted to 1935-39= 100 from base 1913 = 100 in 1929 and from base 1930= 100 thereafter. 

(3) Adjusted to 1935-39=100 from base 1926 = 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive to 
Aug. 1, 1945. 



Index 1935-39 = 100 



VIII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1947— Oct. 


171.3 


121.9 


154.2 


119.9 


149.9 


117.6 


142.2 


Nov. 


173.6 


122.6 


157.0 


119.9 


151.4 


118.2 


143.6 


Dec. 


178.7 


120.3 


159.3 


119.9 


154.9 


119.8 


146.0 


1948— Jan. 


182.2 


120.4 


161.2 


119.9 


158.4 


122.6 


148.3 


Feb. 


186.1 


120.1 


165.1 


119.9 


159.9 


122.8 


150.1 


Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1,000-$!, 600 most common. 



MARCH 1949 



44 



IX— COMMERCIAL FAILURES" 

Dominion Bureau of Statistics 





NUMBER OF FAILURES 




LIABILITIES J 


NVOLVED 




Calendar 














Thousands of Dollars 








Trade 


Manu- 
factures 


Other 


Total 


Maritime 
Provinces 


Quebec 


Ontario 


Prairie 
Provinces 


British 
Columbia 


Total 


1926 


805 


390 


578 


1,773 


1,018 


13,391 


13,288 


2,373 


2,222 


32,291 


1927 


818 


430 


593 


1,841 


1,149 


11,483 


14,250 


3,078 


596 


30,555 


1928 


884 


505 


648 


2,037 


1,436 


12,325 


13,881 


3,832 


981 


32,455 


1929 


1,100 


443 


624 


2,167 


929 


12,476 


14,791 


3,260 


7,292 


38,748 


1930 


1,204 


488 


710 


2,402 


1,035 


15,921 


21,025 


5,961 


4,223 


48,164 


1931 


1,102 


464 


650 


2,216 


996 


23,567 


17,084 


8,404 


2,503 


52,553 


1932 


1,171 


468 


781 


2,420 


1,972 


17,176 


23,246 


6,708 


2,527 


51,629 


1933 


1,089 


357 


598 


2,044 


1,058 


15,544 


12,391 


2,987 


974 


32,954 


1934 


799 


217 


516 


1,532 


728 


11,967 


7,419 


1,467 


2,018 


23,598 


1935 


594 


180 


540 


1,314 


512 


8,253 


6,053 


1,694 


1,054 


17,567 


1936 


536 


191 


471 


1,198 


352 


6,952 


6,244 


1,126 


471 


15,145 


1937 


584 


182 


360 


1,126 


337 


7,008 


5,126 


1,018 


815 


14,303 


1938 


667 


200 


352 


1,219 


1,127 


6,804 


4,404 


1,272 


410 


14,017 


1939 


664 


210 


518 


1,392 


933 


6,673 


4,906 


1,620 


957 


15,089 


1940 


591 


167 


415 


1,173 


361 


4,971 


3,370 


923 


1,038 


10,663 


1941 


482 


132 


394 


1,008 


263 


5,100 


2,874 


625 


273 


9,134 


1942 


342 


80 


315 


737 


106 


3,879 


1,548 


398 


88 


6,019 


1943 


124 


49 


248 


421 


132 


3,820 


907 


72 


408 


5,340 


1944 


76 


45 


156 


277 


66 


2,186 


802 


711 


279 


4,044 


1945 


58 


54 


160 


272 


25 


2,720 


878 


126 


246 


3,995 


1946 


77 


57 


144 


278 


736 


3,294 


584 


1,064 


289 


5,967 


1947 


153 


152 


240 


545 


177 


6,954 


1,963 


257 


726 


10,078 


1948 


289 


188 


336 


813 


331 


10,622 


2,728 


431 


1,612 


15,724 



(1) Compilation of assignments made under the Bankruptcy and Winding Up Acts. 






MILLIONS OF DOLLARS 



COMMERCIAL FAILURES 

CALENDAR YEAR TOTALS 



THOUSANDS 



] 

J 




i 




,1 




I 




,1 




,! 




i 




li 


1 


c 




^ 




■">■ 





50 



40 



30 



20 



10 



DEFAULTED LIABILITIES 



NUMBER BY TYPE OF BUSINESS 




300 



200 



100 



MAR. QUE. ONT PRAIRIES B.C. TRAOE MTO. SERVICE CONST OTHER 



NUMBER OF FAILURES • 

< THOUSANDS) 



DEFAULTED LIABILITIES 

(MILLIONS Or OOLLARS) 




1928 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 



45 



MARCH 1949 



Millions of Dollars 



X— FEDERAL GOVERNMENT : CASH REQUIREMENTS 

Dept. of Finance and Bank of Canada 



Fiscal Year Ending March 31, 



1943 



1944 



1945 



1946 



1947 



1948 



1949 



War Demobilization and Veterans Expenditure 

Dept. of National Defence 

Dept. of Reconstruction and Supply 2 

Dept. of Agriculture 

Wartime Prices and Trade Board b 



1,865.6 

681.2 

20.0 

80.0 



War Service Gratuities and Reestablishment Credits 

Other Dept. of Veterans Affairs j 67.4 



War Appropriation (U.K. Financing) Act 1942 

War Appropriation (U.N. Mutual Aid) Acts 

UNRRA and Military Relief 

Write-off of Air Training Advances (U.K. Fin. Agt. 1946). 
Other War and Demobilization Expenditure 



War and Reconstruction Advances or Investments 

Railways and Government Corporations 

Wartime Loans to Allied Governments 

Loans to Foreign Exchange Control Board 



1942 Loan to U.K. Government 

U.K. Financial Agreement Act, 1946 

Other Post-war Advances to Foreign Governments. 

Total — War, Demobilization, Veterans & 
Reconstruction 



Other Expenditure 

Dept. of Agriculture 

Net Interest on Public Debt c 

Cost of Loan Flotations and Amortization of Discount 

Statutory Subsidies and Special Grants to Provinces 

Payments to Provinces under Tax Agreements 

Premium, Discount and Exchange 

Other Dept. of Finance 

Unemployment Insurance — Administration 

" — Govt. Contribution 

Government Annuities — Payments to maintain reserve 

Dept. of Mines and Resources 

Old Age Pensions Subventions to Provinces 

Family Allowance Payments 

General Health Grants 

Other Dept. of National Health and Welfare 

Dept. of National Revenue 

Dept. of Public Works 

Dept. of Trade and Commerce 

Dept. of Transport 

Other Ord. Exp. (ex. Nat. Def. P.O. and Veterans Affairs) . . 

Special Agricultural Expenditure and Unemployment Relief. 

C.N.R. Deficit 

Other Government-Owned Enterprises 

Capital Expenditure (Net) 



1,000.0 



63.5 



171.3 

34.7 

325.0 

700.0 



2,629.1 

690.4 

64.3 

115.7 



72.1 



912.6 



157.0 



122.7 
271.9 
185.0 

42.4 



2,938.4 

12.7 

88.1 

152.8 

20.2 
93. S 



792.2 
61.3 

134.1 



74.2 

87.1 

265.0 

55.1 



1,715.8 

103.1 

83.0 

127.3 

239.6 
161.7 



766.9 
177.3 
425.0 
100.7 



42.6 
473.4 

700.0 

63.9 

207.3 



387.6 
62.3 
71.1 

127.5 

318.3 
283.4 



94.6 



104.9 

39.6 

680.0 

95.8 

640.0 
137.9 



196.0 
57.7 
33.2 
22.8 

84.2 
250.5 



9.3 

34.4 



26.0 

.9 

220.0 

111.3 
368.0 
130.9 



(Pre- 
liminary) 

262.4 

1.5 

25.0 

20.8 

36.2 
236.1 



.4 
34.5 



5.5 

450.0 

34.4 
37.0 

54.2' 



(Budget 
Estimate) 



4,358.7 



5,178.4 



4,516.2 



4,021.6 



1,202.3 



880.9 



1,129.1 



Total — Other Expenditure . 



Other Loans and Investments 

C.N.R. to Meet Maturing Bonds' 

C.N.R. for Other Purposes 

Soldiers Settlement and Veterans Land Act 

Housing, incl. Central Mortgage and Housing Corporation. . . 
International Monetary Fund and Intl. Bank (Cash Portion)' 

Other Loans and Investments 

Unamortized Debt Discount and Commission 

Other Current Assets (ex. Cash) 



Total — Loans and Investments 
Total Cash Requirements 



8.5 

147.4 

13.8 

14.5 

94.2 

7.4 

4.7 

11.5 

.5 

10.4 

30.0 



1.2 
15.2 
12.0 

7.1 
16.2 
27.2 

24.6 

1.3 
3.2 



194.4 
19.3 

14.4 
95.4 

7.7 

5.2 

12.3 

10.6 
30.4 



1.6 

17.7 
12.3 
7.1 
17.7 
24.6 

34.5 

1.3 
2.5 



9.4 

258.3 

20.7 

14.4 

93.3 

16.3 

7.9 

5.1 

12.7 

.3 

12.3 

32.2 



1.7 
20.1 
13.2 

6.7 
18.3 
28.0 

7.0 

1.4 
2.4 



10.3 

338.2 

22.3 

14.4 

98.0 

20.6 

11.2 

6.2 

12.5 

.3 

11.5 

33.7 

172.6 

7.3 
22.6 
16.3 

7.4 
18.3 
36.5 

17.3 

1.3 

4.1 



13.3 

395.0 
12.1 
14.4 
94.4 

9.4 
13.1 

7.5 
15.2 

1.0 

18.4 

35.9 

245.1 



28.5 
26.4 
10.9 
21.7 
38.1 

30.2 
9.0 

1.7 
11.1 



16.3 

379.7 

10.9 

17.3 

122.5 

15.2 
17.6 
17.5 
.3 
23.6 
58.1 
263.2 

10.8 
37.3 
35.6 
10.8 
30.1 
55.5 

63.1 
15.9 

2.7 
15.6 



20.7 

373.7 

9.8 

17.1 

84.4 

19.3 
19.0 
20.2 
10.0 
49.3 
67.0 
271.0 
8.7 
14.3 
51.3 
51.7 
28.1 
43.4 
59.0 

34.4 

33.5 

6.1 

19.5 



450.9 



517.8 



581.7 



882.9 



1,061.0 



1,219.6 



1,311.4 



88.8 

41.5 

1.7 

.2 

6.8 

19.4 

.1 



18.7 

40.9 

2.1 

.5 

5.0 
6.7 
6.3 



92.2 

25.4 

3.9 

1.2 

11.4 
5.1 
1.4 



65.5 
28.5 
18.7 
10.3 

5.5 
5.8 

2.7 



23.5 

.3 

55.6 

113.1 

1.0 

10.6 

41.0 



53.5 
31.5 
39.6 
22.5 

1.4 h 
9.3 
5.6 



4.1 
21.9 
70.5 

2.5 

7.0 

11.6 



141.5 



16.8 



87.4 



69.0 



221.3 



133.6 



75.4 



4,951.1 



5,679.4 



5,185.3 



4,973.5 



2,484.7 



2,234.1 



2,515.8 2,248.5: 



1,455.5* 



MARCH 1949 



46 



X— FEDERAL GOVERNMENT : SOURCES OF FINANCING 

Dept. of Finance and Bank of Canada 



Millions of Dollars 



Fiscal Year Ending March 31, — 



Revenue 

Income Tax on Individuals (ex. Refundable Portion) 

Income Tax on Corporations 

Excess Profits Tax (ex. Refundable Portion) 

Withholding Tax on Dividends, Interest, etc 

Succession Duties 

Excise on Liquor 

Excise on Tobacco 

Sundry Excise and Other Taxes 

Customs Import Duties 

War Exchange Tax 

Sales Tax 

Post Office Department (Net) d 

Other Ordinary Revenue 

Sub-Total 

Net Revenue from Operation of Crown Companies 

Sale of Surplus War Assets 

Refunds from War Contractors 

Other Refunds of Previous Years' War Expenditure 

Other Special Revenue 

Total Revenue 

Open Account and Foreign Items 

Government Annuities 

Insurance and Superannuation Funds 

Interest Due and Outstanding and Outstanding Cheques 

UNRRA — Free Funds and Special Funds 

Reserve for Contingent Liabilities, re Crown Companies 

Other Open Account Items 

Increase or Decrease in Funded Debt Payable in N.Y. (Net) . 

Increase or Decrease in U.S. Dollar Cash Balances 

Increase or Decrease in Funded Debt Payable in London. . . . 
Increase or Decrease in Sterling Cash Balances 

Total Open Account and Foreign Items 

Increase or Decrease in Domestic Debt 

Refundable Portion of Personal Income Tax (Net) 

Refundable Portion of Excess Profits Tax (Net) 

War Savings Certificates and Stamps (Net) 

Other Funded Debt Payable in Canada Only (Net) 

Deposit Certificates (Net) 

Treasury Bills (Net) 

Increase or Decrease in Securities Investment Account 

Increase or Decrease in Canadian Dollar Cash Balances 

Total Increase or Decrease in Domestic Debt . . 

Total Cash Requirements (as per opposite page) . . . 



1943 



481.1 

348.0 

434.6 

28.1 

13.3 

66.1 
106.0 
140.1 

119.0 
94.6 

232.9 

4.2 

25.7 



2,096.7 



9.5 
9.7 



2 115.9 



17.4 

7.0 

43.5 



19.3 
4.1 

38.3 
2.7 

35.7 



6.4 



50.0 

20.0 

59.0 

1,155.1 

820.0 

30.0 

7.6 

687.1 



2,828.8 



4,951.1 



1944 



698.4 

311.4 

428.7 

26.9 

15.0 

65.9 

138.8 
159.9 

167.9 

118.9 

304.9 

12.6 

23.9 



2,473.2 

37.5 
6.2 

97.7 
12.6 



2,627.2 



23 

7 

18, 

12 

83 

115, 

104 



23.8 



121.8 



115.0 
40.0 
48.4 

,833.1 

30.0 

60.0 

150.4 

14.3 



2,930.4 



5,679.4 



1945 



672.8 

276.4 

341.3 

28.6 

17.2 

72.3 
150.4 
172.9 

115.1 
98.2 

209.4 
11.5 
18.7 



2,184.8 

31.4 

8.4 

9.1 

90.6 

17.8 



2,342.1 



30.0 

6.8 

61.9 

31.0 

66.1 

1.0 

108.5 

.4 

12.9 



98.8 



95.0 
124.3 

31.0 
,567.1 
210.0 

20.0 
151.3 
151.7 



2,744.4 



5,185.3 



1946 



686.6 

217.8 

426.7 

28.3 

21.4 

92.0 
171.7 
175.5 

128.9 
41.2 

212.2 
10.9 
21.3 



2,234.5 

70.6 
42.6 
36.6 
77.8 
17.5 



2,479.6 



44.0 
6.8 

12.4 

83.5 
2.0 

54.2 
147.9 

27.0 
.3 

31.2 



115.9 



4.0 

67.5 

3.8 

3,090.2 

260.0 

70.0 

184.4 

550.1 



2,609.8 



4,973.5 



1947 



670.5 

238.8 

442.5 

30.1 

23.6 

98.1 
183.6 
204.5 

237.4 

.3 

298.2 

8.8 

18.5 



2,454.9 

29.5 

184.3 

53.1 

43.5 

20.9 



2,786.2 



69.7 

8.5 

5.7 

41.7 

41.7 

76. 3 

38.0 

102.2 

.4 

26.6 



3.0 



21.5 
6.2 

18.0 
218.3 
460.0 

124.8 
52.3 



304.5 



2,484.7 



1948 



659.8 

364.1 

227.0 

35.9 

30.8 

98.0 
176.1 
194.9 

293.0 

372.3 

9.8 

20.5 



2,482.3 



63.4 

58.3 

46.0 

4.5 



2,663.1 



72.4 
18.6 
15.6 
40.5 

36.2' 

46.5 

9.7 

2.5 

1.1 



157.1 



60.5 

23.7 

37.3 

310.3 

180.0 

410.0 
435.7 



586.1 



2,234.1 



1949 



(Pre- 
liminary) 

771.0 

490.0 

40.0 

42.7 

25.5 

105. 4 e 
186. l e 
177.5 e 

225.0 

378.4 

1.8 

24.3 



2,467.6 

6.4 
24.4 
58.0 
12.1 

2.3 



2,570.8 



66.0 

24.3 

.2 

1.3 

38.0 

100.0 

10.4 

.1 

2.2 



218.9 



224.8 
61.0 
50.8 

135.7 



224.4 
26.0 



273.9 



2,515.8 



1950 



(Budget 
Estimate) 

591.0 
558.0 

45.0 
26.0 



•387.0 



235.0 

385.0 

1.5 

25.0 



2,250.5 



> 50.0 



2,300.5 



150.0 



202.0* 



2,248.5* 



(a) 

(b) 



(c) 



Prior to 1946, Dept. of Munitions and Supply. 

Includes advances for payment of drawback claims to millers and other 
manufacturers of wheat products, advances to the Canadian Wheat Board 
to cover deficits in certain Board operations and subsidies other than 34.3 
and 15.0 in 1947-8 and 1948-9 which were financed out of money advanced 
to the Commodity Prices Stabilization Corporation in prior years. 
Return on Investments has been deducted from Gross Interest on Public 
Debt and excluded from "Other Ordinary Revenue". For the fiscal years 
1940-1 to 1949-50, it amounted to: 17.9, 25.8, 41.2, 48.3, 60.7, 70.9, 69.4, 
75.8, 90.0 and 95.0. In 1948-9, interest accruals on interim advances to 
foreign governments of 16.0 were deducted, as a similar amount has been 
deducted from "Other Post-war Advances to Foreign Governments". 
Post Office expenditure has been netted against Post Office revenue. 
Excludes equipment trust certificates whose retirement is provided for 
out of operating expenses. 

The cash portion only of Canada's subscription to the two international 
organizations is shown under "Loans and Investments". Non-interest 



bearing demand notes of 235.7 in 1946-7 and 16.3 in 1947-8 have been 
excluded from "Other Open Account Items". 

(g) Excludes interest accruals on interim advances to foreign governments of 
16.0 which were added to principal on consolidation of such advancesinto 
a specific loan. 

(h) Excludes all non-cash items connected with Western Provinces Treasury 
Bills and Natural Resources Settlement Act. 
* The detailed items under "Other Expenditure" cover only amounts shown 
in the Main Estimates. However, the total of "Other Expenditure" in- 
cludes provision for supplementary estimates and special estimates for 
Newfoundland, details of which are not yet available. 

if "Cash Requirements" in 1949/50 do not include any provision for loans 
to foreign governments or the Foreign Exchange Control Board to finance 
the export surplus in Canada's balance of payments, and the "Decrease in 
Domestic Debt" shown for 1949/50 is before making allowance for such 
provision. 



47 



MARCH 1949 



INCOME TAX AS A PERCENTAGE OF INCOMEt 

SINGLE PERSON 




500 750 1000 



2,000 4,000 6,000 10,000 15,000 20,000 30.000 

INCOME IN DOLLARS RATIO SCALE 



MARRIED PERSON WITHOUT CHILDREN 




20% 



500 750 1,000 



2P00 4.000 6000 

INCOME IN DOLLARS I RATIO SCALE 



10.000 15.000 20.000 30.000 



t Assumes all earned income. In 1938 provincial income tax (Ontario) is included. 



MARCH 1949 



48 



INCOME TAX AS A PERCENTAGE OF INCOMEt 

MARRIED PERSON WITH 2 CHILDREN 




30,000 



t Assumes all earned income. In 1938 provincial income tax (Ontario) is included. 
ic The 1948 and 1949 tax is shown after deduction of family allowance (at the average rate of $144 per year for 2 children) which 
has replaced part of the former tax exemption or tax allowance for children. In 1949 at incomes below $3,260 the family allow- 
ance exceeds the gross tax payable, leaving the tax payer with a net credit; which reaches $144 at $2,300 income and remains at 
that figure for incomes below $2,300. 



DISTRIBUTION OF TOTAL TAX COLLECTIONS 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



2500 



2000 



1500 



1000 



TOTAL TAX COLLECTIONS 



1939/40 1940/1 1941/2 1942/3 1943/ 

(1) Excluding the refundable portion. (2) Budget estimate 



1945/6 1946/7 1947/8 



2500 



2000 



1500 




1000 



1949/50* l> 



49 



MARCH 1949 



INCOME TAX AS A PERCENTAGE OF INCOME* 
CANADA, U.S.A. AND U.K. 

SINGLE PERSON 



60% 



50% 



40% 



30% 



60% 



50% 



40% 




20% 



500 750 1,000 



2,000 4,000 6,000 10000 15,000 20,000 30000 

INCOME IN DOLLARS : RATIO SCALE 



MARRIED PERSON WITHOUT CHILDREN 




500 



750 



1,000 



2P00 4000 

INCOME IN DOLLARS 



6,000 
RATIO SCALE 



10,000 



15,000 20,000 



30,000 



* Rates shown for Canada are those proposed for the year 1949 in the recent budget. For U.S. and U.K. the rates are those effective in the 
early part of 1949 and are subject to legislative change. In each case they are the rates applicable to earned income as distinct from in- 
vestment income. U.K. rates are computed on the basis of £ = $4.03. 

In the case of U.S. the federal tax alone and the combined federal and N.Y. State tax are shown; in Canada and U.K. there are no 
levies comparable to U.S. State income taxes. 

In the case of a married person in the U.S., allowance was made for the provision for splitting incomes between husband and wife. 
Any income of the spouse in U.S. would have to be added before the calculation of the tax, but the rates shown in the table are calculated 
on the assumption that such spouse's income is zero. In Canada a married person's income tax is not affected by any income of the 
spouse up to $250. 

In the case of U.S. the tax was calculated after making the "standard" deduction of 10% from gross income (up to $10,000) in lieu of 
charitable contributions, interest paid, state and local taxes and medical and other personal expenditures exempt; for gross incomes 
over S10.000 there was also deducted, where applicable, the New York State income tax in excess of the amount of such tax on a 
$10,000 gross income. No similar deductions from gross income were made in calculating the Canadian and U.K. tax, although 
actual personal expenditures of certain types are exempt within specified limits. 



MARCH 1949 



50 



Millions of Dollars 



XI— CASH INCOME FROM THE SALE OF FARM PRODUCTS 

Dominion Bureau of Statistics 







B"i 


' PRODUCTStt 






BY REGIONStt 






Total 






















Certain 


(incl. 

Certain 

Govt. 

Payments) 




Field 
Crops 


Livestock 


Dairy 

Products 

Poultry & 

Eggs 


All 
Other 


Total 


MARI TIMES 


Ontario 

and 
Quebec 


Western 
Provinces 


Total 


Govt. 
Payments 

** 


Calendar Years 
























1926 


561 


193 


164 


40 


958 


38 


351 


569 


958 


- 


958 


1927 


525 


195 


173 


41 


934 


37 


348 


549 


934 


- 


934 


1928 


618 


210 


191 


45 


1,064 


37 


376 


651 


1,064 


- 


1,064 


1929 


482 


215 


187 


42 


927 


38 


367 


522 


927 


- 


927 


1930 


274 


158 


165 


35 


632 


37 


299 


296 


632 


- 


632 


1931 


178 


112 


128 


27 


445 


26 


225 


194 


445 


- 


445 


1932 


186 


80 


96 


22 


384 


20 


171 


193 


384 


- 


384 


1933 


191 


84 


100 


22 


397 


23 


177 


197 


397 


- 


397 


1934 


232 


112 


116 


26 


485 


26 


206 


253 


485 


- 


485 


1935 


231 


130 


122 


28 


511 


27 


219 


265 


511 


- 


511 


1936 


254 


155 


138 


31 


578 


29 


257 


292 


578 


- 


578 


1937 


263 


195 


150 


38 


646 


36 


302 


308 


646 


- 


646 


1938 


293 


164 


169 


38 


664 


34 


309 


321 


664 


- 


664 


1939 


332 


185 


166 


39 


722 


32 


319 


371 


722 


10 


732 


1940 


291 


245 


183 


47 


766 


40 


354 


372 


766 


2 


768 


1941 


312 


321 


230 


51 


914 


48 


431 


435 


914 


28 


942 


1942 


348 


373 


317 


63 


1,101 


58 


530 


513 


1,101 


55 


1,156 


1943 


516 


447 


367 


80 


1,410 


71 


586 


752 


1,410 


31 


1,441 


1944 


824 


514 


400 


90 


1,828 


75 


627 


1,127 


1,828 


18 


1,846 


1945 


653 


526 


422 


93 


1,695 


79 


689 


926 


1,695 


6 


1,701 


1946 


708 


503 


431 


101 


1,743 


87 


736 


919 


1,743 


17 


1,760 


1947 


848 


496 


497 


121 


1,962 


88 


826 


1,047 


1,962 


12 


1,974 


1948* 


996 


750 


571 


134 


2,450 


104 


1,021 


1,326 


2,450 


21 


2,471 



ft Includes amounts paid on account of wheat participation certificates, the oats and barley equalization payments and those Dominion and Provincial 

Government payments which farmers receive as subsidies to prices. 
** Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. 
* Preliminary. 



MILLIONS OF DOLLARS 

2500 



2000 



CASH INCOME FROM THE SALE OF FARM PRODUCTS 

BYPRODUCTS iuulli , TftTAie BY REGIONS 



ANNUAL TOTALS 



MILLIONS OF DOLLARS 

2500 



2000 



1500 




^1000 



1949 1926 



1932 



1938 



t Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance and the Prairie Farm Income Act. 



51 



Millions of Dollars 



MARCH 1949 

XII— MERCHANDISE EXPORT ii 

Compiled from "Trade of Can 



Calendar 
Years 


Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 
Flourd) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 

and 

Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


Ot 
Fa : 
(in 
raw ' j| 


1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 


_ 


4 


\ 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 




1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


t 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


i 


1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


37 


17 


I 


1948 


21 


382 


23 


74 


74 


70 


64 


12 


18 


39 


50 


r 


12-Mths. ending 


























Jan. 1949 


21 


387 


24 


67 


75 


66 


63 


11 


19 


39 


49 


t 


Monthly 

1947-Nov. 


3.4 


31.7 


.3 


10.2 


1.4 


4.0 


1.8 


2.8 


1.7 


4.5 


3.4 


4 


Dec. 


2.5 


22.9 


.2 


16.6 


1.4 


8.2 


5.0 


.9 


1.0 


2.6 


2.7 


3 


1948-Jan. 


1.4 


36.0 


.3 


7.5 


1.3 


7.4 


5.8 


1.3 


.8 


3.6 


6.0 


3 


Feb. 


1.3 


29.5 


.4 


5.5 


1.1 


6.4 


5.0 


.1 


.6 


4.7 


3.1 


4 


Mar. 


1.1 


28.6 


.8 


3.9 


1.7 


10.3 


3.9 


.1 


.6 


4.3 


2.3 


4 


Apr. 


.4 


26.6 


.2 


3.4 


2.3 


9.8 


3.0 


.1 


.5 


.9 


1.2 


4 


May 


.6 


36.0 


1.5 


5.3 


2.8 


13.8 


2.5 


.1 


1.0 


4.3 


3.2 


6 


June 


.7 


28.8 


1.5 


6.2 


3.3 


5.7 


1.6 


- 


2.0 


2.5 


3.3 


5 


July 


1.5 


25.8 


1.6 


3.4 


3.0 


3.6 


2.1 


.1 


1.8 


3.6 


2.0 


4 


Aug. 


1.1 


21.9 


1.3 


2.4 


5.0 


3.0 


3.1 


.5 


2.9 


2.2 


1.8 


3 


Sept. 


2.5 


28.3 


1.7 


6.2 


19.3 


2.5 


11.0 


4.0 


2.6 


3.8 


3.1 


3 


Oct. 


3.6 


38.1 


2.2 


6.4 


14.0 


2.7 


9.0 


3.0 


2.3 


5.9 


4.0 


4 


Nov. 


3.3 


44.6 


5.5 


8.2 


14.2 


1.7 


10.2 


2.1 


1.7 


2.4 


8.5 


5 


Dec. 


3.3 


37.9 


5.5 


15.2 


5.9 


2.9 


7.5 


.7 


1.4 


.9 


11.2 


5 


1949-Jan. 


2.0 


40.9 


1.4 


1.4 


2.6 


3.0 


4.5 


— 


1.2 


3.1 


5.3 


5 



Calendar 
Years 


Artificial 
Silk 


Other 

Fibres 

& Textiles 

(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos, 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 
Products 


Copper 

and 
Products 


Lead 

and 

Products 


Ni 
a 

Pro 


1929 


_ 


8 


20 


7 


47 




16 


3 


15 


37 


11 


» 5 


1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 


4 


1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


1 !j 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


A 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


":i 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


f 


12-Mtha. ending 


























Jan. 1949 


6 


35 


76 


40 


56 


22 


95 


17 


100 


81 


38 


f '.( 


Monthly 

1947-Nov. 


.8 


3.0 


2.6 


4.5 


6.9 


2.3 


7.6 


1.9 


6.7 


6.9 


3.2 


• r 


Dec. 


.8 


3.0 


4.2 


4.0 


7.5 


1.4 


6.0 


1.3 


4.2 


7.1 


2.7 




1948-Jan. 


.8 


2.3 


5.5 


4.3 


3.7 


.8 


5.0 


1.4 


7.5 


6.5 


2.5 


* 


Feb. 


.7 


1.9 


5.4 


3.0 


3.7 


.8 


7.3 


1.2 


8.8 


7.0 


1.1 




Mar. 


.7 


2.2 


6.2 


4.1 


4.5 


1.2 


5.3 


1.5 


7.2 


5.7 


2.9 


r 


Apr. 


.8 


2.5 


6.9 


3.0 


5.7 


1.2 


6.4 


1.7 


7.0 


4.3 


2.3 


( 


May 


.8 


2.9 


6.3 


3.4 


4.4 


2.1 


9.8 


1.9 


14.9 


9.4 


3.1 


i 


June 


.7 


3.3 


5.8 


2.8 


4.2 


2.4 


7.4 


1.5 


7.6 


5.1 


1.3 


■ 


July 


.6 


4.5 


6.7 


3.0 


4.6 


2.5 


6.6 


1.1 


8.5 


5.8 


2.9 


! 4 :t 


Aug. 


.4 


4.0 


4.4 


2.5 


3.7 


2.1 


5.3 


1.2 


8.8 


6.2 


3.5 


< 


Sept. 


.4 


3.0 


6.9 


3.7 


1.3 


2.6 


7.5 


1.2 


7.5 


6.9 


3.7 


i 


Oct. 


.5 


3.0 


7.2 


3.3 


4.9 


2.2 


8.4 


1.2 


9.8 


7.6 


2.8 


( 


Nov. 


.4 


2.5 


5.2 


3.5 


5.6 


1.6 


10.2 


1.3 


9.2 


6.5 


4.7 


■ 


Dec. 


.3 


2.6 


7.4 


4.4 


8.7 


1.8 


11.6 


1.7 


5.3 


8.1 


4.0 


i 


1949-Jan. 


.2 


2.6 


7.8 


2.2 


4.3 


1.7 


9.1 


1.1 


5.5 


8.5 


6.0 


i 



(1) In the case of wheat for 1937, 46.47, 48 & 49 export clearance figures are based on Board of Grain Commissioners rather than Customs data. (2) Mad IP 
1680. 1700. 1710. 2005. 2015. 2020, 2025, 2060. 2065, 2070, 2075, 2080. 2085, 2090. 2095, 2100-2110, 2490, 2500-2525. 2750, 2795, 2805, 2810, 2825, 2840, 284 !8» 



MARCH 1949 






















MMODITY CLASSIFICATION 


















1 inioi 


[ Bureau q 


f Statistics 


















Millions of Dollars 


;h 
h and 
l:n) 


Fish 

(canned & 

salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
synthetic) 


Calendar 
Years 


— = 

2 


24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


1929 


7 


11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 


2 


16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 


1 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 


3 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 


3 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1948 

12-Mths. ending 


1 


39 


24 


26 


190 


44 


211 


385 


33 


58 


30 


32 


Jan. 1949 


.3 


4.4 


.6 


3.3 


18.4 


3.4 


15.3 


28.9 


3.1 


5.9 


3.4 


2.7 


Monthly 
NOV.-1947 


:? 


4.2 


6.6 


2.1 


22.1 


3.9 


17.0 


30.3 


2.7 


7.7 


2.0 


3.3 


Dec. 


.) 


4.3 


3.9 


2.0 


16.9 


2.8 


15.3 


27.9 


2.6 


4.8 


2.5 


2.8 


Jan.- 1948 


;i 


6.6 


2.2 


2.1 


15.4 


2.7 


14.8 


24.9 


2.4 


5.1 


2.1 


2.4 


Feb. 


[[ 


3.2 


1.9 


2.9 


15.4 


2.9 


18.1 


32.0 


2.6 


4.3 


1.9 


3.0 


Mar. 


;•) 


2.5 


2.1 


1.2 


14.6 


1.9 


18.9 


29.1 


2.8 


5.7 


2.0 


2.1 


Apr. 


■i 


2.3 


2.7 


2.0 


16.3 


2.5 


19.8 


33.8 


3.8 


5.8 


2.2 


3.2 


May 


•"> 


2.1 


2.5 


2.3 


15.5 


3.9 


17.9 


30.5 


2.9 


4.6 


1.7 


2.8 


June • 


4; 


2.9 


1.5 


2.5 


17.3 


5.3 


18.8 


31.0 


2.5 


4.8 


2.5 


3.1 


July 


4: 


2.3 


1.8 


1.7 


17.3 


4.0 


16.2 


31.8 


2.9 


5.1 


2.1 


2.5 


Aug. 


c 


3.0 


2.0 


3.8 


21.3 


6.0 


19.1 


36.9 


2.8 


4.7 


2.4 


3.0 


Sept. 


'If 


3.8 


.6 


2.2 


17.4 


4.7 


17.2 


33.0 


2.6 


5.0 


2.9 


2.8 


Oct. 


i, 


3.7 


.7 


2.2 


15.5 


3.9 


17.6 


34.5 


2.8 


4.8 


3.9 


2.8 


Nov. 


3 


3.2 


2.3 


1.4 


13.2 


3.0 


18.1 


37.7 


2.9 


5.0 


3.1 


2.8 


Dec. 


- 


3.4 


3.9 


1.5 


11.1 


2.8 


15.2 


29.9 


1.9 


2.8 


3.1 


2.0 


Jan. -1949 


-= =■. 


Zinc 

and 

Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 

Non- 

metallic 

Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


All 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold) 


Calendar 
Years 


" 


9 


5 


13 


17 


7 


14 


1 


_ 


33 


37 


1,190 


1929 


4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 


1 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


< 


28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 


f 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 




42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 

12-Mths. ending 




46 


21 


42 


53 


37 


42 


83 


11 


94 


119 


3,205 


Jan. 1949 


1. 


2.2 


1.8 


3.0 


3.7 


2.4 


4.4 


3.0 


.2 


8.2 


7.2 


252.0 


Monthly 
NOV.-1947 


1, 


2.6 


1.9 


3.2 


3.6 


3.5 


3.7 


5.0 


.4 


8.0 


11.0 


264.3 


Dec. 


) 


1.9 


1.2 


2.7 


3.5 


3.5 


3.8 


2.3 


.7 


6.8 


9.6 


251.2 


Jan -1948 


2 i 


1.4 


1.5 


2.7 


2.2 


2.7 


3.1 


1.5 


1.2 


5.9 


8.9 


224.7 


Feb. 


2 


3.3 


1.7 


3.2 


3.2 


2.6 


3.6 


1.4 


1.4 


6.7 


8.7 


237.4 


Mar. 


2 


3.4 


1.5 


3.4 


3.9 


4.0 


3.3 


1.8 


1.5 


7.1 


9.5 


229.2 


Apr. 


1. 


4.0 


2.6 


3.7 


5.3 


3.8 


5.3 


4.0 


1.4 


9.3 


8.8 


292.3 


May 


1. 


3.0 


1.4 


3.7 


4.1 


1.6 


4.0 


8.9 


1.2 


7.5 


9.6 


245.0 


June 


2 


2.9 


2.1 


3.3 


4.3 


2.7 


3.7 


17.7 


.4 


8.2 


10.8 


259.8 


July 


) 


4.5 


1.7 


3.5 


3.9 


3.7 


3.3 


3.3 


.7 


7.3 


9.7 


233.0 


Aug. 


1. 


4.3 


1.6 


3.8 


6.3 


3.4 


3.5 


4.2 


.9 


8.3 


11.9 


299.1 


Sept. 


2 


5.1 


2.1 


4.0 


5.3 


2.2 


3.6 


16.8 


.5 


7.1 


9.6 


306.7 


Oct. 


1. 


4.0 


2.6 


3.8 


5.7 


3.3 


3.2 


.1 


.8 


8.6 


9.1 


302.6 


Nov. 




4.9 


1.6 


4.3 


5.4 


2.S 


3.2 


22.5 


.6 


9.9 


12.9 


327.5 


Dec. 




5.8 


1.1 


2.S 


3.6 


3.7 


2.7 


.7 


.3 


7.S 


9.7 


248.0 


Jan.- 1949 


-"ariou-e 
»55, 5 


ms listed in 
). 3160-3187. 


"Trade of < 


Canada" un 


der code nui 


nbers 180, 


600, 610, 69 


), 710, 790, 


1170, 1500- 


1590, 1610, 


1620, 1630, 


1640, 1645, 


1650, 1660, 1670, 



52 



53 



MARCH 1949 



Millions of Dollars 



XIII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTSt 





TOTAL EXPORTS (EXCLUDING GOLD) TO 








U.K. 


Union 


Other 


Western 


Central 


All 






U.S.A. 


U.K. 


Dependen- 


of 


British 


Europe & 


and 




All 








cies 


South 


Countries 


Colonies 


South 


(4) 










(1) 


Africa 


(2) 


(3) 


America 






Calendar Years 




















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 




















Feb. 1949 


1,538 


690 


89 


83 


128 


298 


126 


157 


3,110 


Monthly 




















1947-Nov. 


94.6 


61.6 


13.6 


5.1 


15.5 


24.7 


14.7 


17.8 


247.6 


Dec. 


107.8 


61.6 


9.7 


3.4 


13.9 


33.5 


12.4 


15.7 


258.0 


1948-Jan. 


106.8 


71.8 


10.3 


4.2 


5.5 


24.3 


8.0 


14.3 


245.2 


Feb. 


96.4 


61.5 


5.6 


3.2 


7.1 


22.0 


9.7 


12.3 


217.8 


Mar. 


114.0 


61.8 


8.1 


4.4 


5.4 


17.4 


9.0 


11.2 


231.3 


Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949-Jan. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. (5) 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.7 



Millions of Dollars 




MERCHANDISE IMPORTS* 














TOTAL IMPORTS (EXCLUDING GOLD) FROM 












U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U. K. 


Dependen- 


of 


British 


Europe & 


and 




All 








cies 


South 


Countries 


Colonies 


South 












(1) 


Africa 


(2) 


(3) 


America 


(4) 




Calendar Years 




















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















Jan. 1949 


1,821 


303 


105 


4 


84 


80 


222 


36 


2,654 


Monthly 




















1947-Nov. 


174.4 


17.7 


5.7 


.8 


8.3 


6.4 


14.2 


1.5 


228.9 


Dec. 


141.7 


19.4 


8.1 


.4 


6.1 


4.1 


11.6 


1.8 


193.3 


1948-Jan. 


150.0 


21.5 


4.8 


.2 


7.0 


3.7 


15.5 


3.2 


206.0 


Feb. 


136.8 


17.8 


3.4 


.2 


4.0 


4.0 


14.1 


1.7 


182.1 


Mar. 


138.3 


21.6 


5.6 


.3 


4.8 


5.3 


19.1 


2.0 


197.0 


Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24.0 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


1949-Jan.' 5 ' 


164.8 


25.3 


5.1 


_2 


5.6 


6.3 


14.3 


2.1 


223.7 



Excess of 
Merch- 
andise 
Exports 

over 
Merch- 
andise 
Imports 



Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 
Import3 from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 
1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 



(1) Excludes Newfoundland. 

(2) Consists of Eire. India. Pakistan. Burma. Australia, New Zealand. Icelam' 
Ceylon and Iraq. Egypt is included in All Other. 

(3) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(4) Includes Newfoundland, Egypt, Spain and Palestine. 

(5) Preliminary. 



MARCH 1949 



54 



XIV— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce Statistics unless otherwise stated. 



60 300 — 



50 250 



40 200 



30 150 



20 100 



10 50 







2000 



1940 41 41 42 43 44 45 46 47 AQ 



47 A6 49 



Si 



STATISTICAL SUMMARY 

BANK OF CANADA 

Tables Charts Pages 

I Bank of Canada: 

Liabilities and Assets 55-56 

Chartered Banks: Canadian Deposits 55 

Chartered Banks: Canadian Deposits, Loans and 

Government of Canada and Provincial Securities .... 56 

II Chartered Banks: 

Liabilities and Assets 57-58 

III Money Supply and Related Bank Assets 57-58 

IV Security Prices: 

Govt. Securities Payable in Canada only 59 

Yield of Government of Canada Bonds, Payable in Canada only . 59 

Govt. Securities, Canada, U.K. and U.S. A 60 

Yields of Government Bonds, Canada, U.K. and U.S.A. ... 60 

V Government Bond Yields: Canada, U.K. and U.S.A 61 

VI Official Holdings of Gold and United States Dollars 61 

VII Bond Issues and Retirements 62 

VIII Canadian Balance of International Payments 63-64 

IX Business Activity 65 

Value of Retail Trade 65 

X Wholesale Prices 66 

XI Cost of Living 66 

XII Farm Prices of Agricultural Products 67 

Farm Operating and Living Costs and 

Farm Prices of Agricultural Products 67 

XIII Farm Operating and Living Costs 68 

XIV Net Income of Farm Operators from Farming Operations .... 68 

XV Steam Railways: Revenue Freight Loaded 69 

Revenue Freight Loaded by Canadian Railway Systems .... 69 

XVI Exports and Imports by Countries 70 

XVII Merchandise Imports: Commodity Classification 71-72 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 

APRIL 1949 



55 
















APRIL 1949 


Millions of Dollars 


















i— By a 










LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits' 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


To 

Liabi 

c 

As> 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 




















Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2! 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3' 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4. 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,4, 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8.? 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8 i 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,9.8 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9.1 


End of 




















1947— Oct. 


142.8 


548.7 


691.5 


143.4 


71.2 


.7 


1,036.6 


46.2 


1,9 i 


Nov. 


148.2 


536.7 


684.9 


84.2 


62.0 


1.4 


1,034.1 


41.5 


1,9. 


Dec. 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,9 -J 


1948— Jan. 


147.2 


538.3 


685.5 


44.6 


60.6 


- 


1,010.3 


41.6 


1,8:.; 


Feb. 


135.7 


531.8 


667.5 


60.8 


75.0 


.6 


1,020.6 


23.4 


1,8 i 
1,8 i 


Mar. 


166.9 


519.2 


686.1 


42.2 


86.7 


.1 


1,013.9 


25.8 


1948— Oct. 


160.4 


581.0 


741.4 


110.0 


72.2 


1.0 


1,114.7 


40.3 


2,0U 


Nov. 


190.2 


579.6 


769.8 


86.5 


64.1 


.1 


1,083.3 


59.2 


2,0 U 


Dec. 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,Ci.< 


1949— Jan. 


182.2 


545.1 


727.3 


141.8 


86.8 


- 


1,047.0 


42.5 


2,(>.< 


Feb. 


167.4 


531.0 


698.4 


178.4 


79.6 


.4 


1,054.5 


25.3 


2,(5. 


Mar. 


165.8 


540.3 


706.1 


62.6 


84.8 


87.3 


1,079.5 


31.7 


2,(1. 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 194°. +May H 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to tin ♦ 



CHARTERED BANKS : CANAD IAN DEPOSITS 



MILLIONS OF DOLLARS 




I APRIL 1949 
)] CANADA 



56 



Millions of Dollars 



ASSETS 


- 




Silver 


Foreign 01 
Currencies 


Securities 


Advances 


All 
Other 

Accounts 




ild 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other- 
Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 
























Average of 






















Month-end Figures 


11.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


12.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


2). 8 

r 


- 


41.7 

• 


142.8 

• 


46.2 

• 


- 


- 


189.1 

• 


.2 


6.7 


1939 


- 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


- 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


- 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


- 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




— 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 




- 


.7 


1,136.4 


799.4 


25.0 


- 


1,960.8 


- 


28.1 


Oct. — 1947 




- 


1.4 


1,039.9 


820.6 


25.0 


- 


1,885.5 


- 


21.2 


Nov. 




- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


- 


18.7 


Dec. 




- 


- 


931.3 


863.2 


25.0 


- 


1,819.5 


- 


23.2 


Jan. — 1948 




- 


.8 


974.4 


825.7 


25.0 


- 


1,825.1 


- 


22.0 


Feb. 




- 


.3 


985.2 


806.7 


25.0 


- 


1,817.0 


- 


37.6 


Mar. 




_ 


1.1 


1,279.6 


741.3 


25.0 


— 


2,045.9 


— 


32.6 


Oct. — 1948 




- 


.1 


1,222.1 


794.0 


25.0 


- 


2,041.1 


- 


21.7 


Nov. 




- 


.5 


1,233.7 


779.1 


25.0 


- 


2,037.7 


- 


20.4 


Dec. 




- 


.1 


1,188.3 


806.9 


25.0 


- 


2,020.2 


- 


25.1 


Jan. — 1949 




- 


.5 


1,180.5 


800.7 


25.0 


- 


2,006.2 


- 


29.8 


Feb. 




— 


82.4 


1.087.1 


812.1 


25.0 


5.0 


1,929.1 


— 


40.4 


Mar. 



Jent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under 
e Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 



! 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS AND GOVT. OF CANADA 

AND PROVINCIAL SECURITIES 



MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 



7000 



5000 




7000 



5000 



3000 



3000 



1000 



57 



APRIL 1949 



Millions of Dollars 



II— CHART 

Bank U 





LIABILITIES 




■ 




Notes 


Deposits 


Cash 

in (3) 


Securities 










Govt, of 


Canadian 




Total 


Govt, of 


Canada 


IT 










Demand 


Notice 


Canada 


Deposits 

(i) 


Foreign 


Deposits. 




and Prc 


)VINCIAL 


Govt. 


Othe 


Ijh 










and Prov. 




(2) 




Under 2yrs. 


Over 2 yrs. 






Average of 




























Month-end figures 




























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


{99 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


» 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


239! 


m 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


276i 


un 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290 


4241 


1,1 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


5471 


t» 


1947-Oct. 


19 


2,263 


3,753 


267 


6,337 


832 


7,286 


691 


584 


2,562 


277 


460! 


\$ 


Nov. 


18 


2,126 


3,710 


442 


6,337 


836 


7,279 


685 


690 


2,422 


282 


4551 




Dec. 


18 


2,296 


3,740 


376 


6,473 


824 


7,406 


720 


731 


2,385 


271 


487 : 




1948-Jan. 


18 


2,073 


3,824 


383 


6,339 


809 


7,255 


686 


837 


2,360 


263 


512 




Feb. 


18 


2,105 


3,881 


241 


6,281 


801 


7,203 


668 


820 


2,372 


264 


513 


;.s 


Mar. 


18 


2,201 


3,927 


272 


6,458 


802 


7,378 


686 


835 


2,399 


260 


543 




1948-Oct. 


17 


2,341 


4,040 


417 


6,842 


804 


7,745 


741 


894 


2,466 


246 


549 




Nov. 


16 


2,534 


4,086 


401 


7,090 


819 


8,005 


770 


927 


2,460 


242 


582 


m 


Dec. 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


922 


2,513 


242 


592 


m 


1949-Jan. 


16 


2,337 


4,118 


487 


6,999 


800 


7,885 


727 


932 


2,549 


238 


592 


Feb. 


16 


2,289 


4,159 


508 


7,017 


799 


7,902 


698 


939 


2,587 


226 


570 


Mar. 


15 


2,281 


4,264 


382 


6,998 


787 


7,870 


706 


884 


2,616 


223 


562 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Depos 



Millions of Dollars 



MONEY SUPPLY 



III— MONEY SUPPLY AN 

Bank 





Currency 
Outside Banks 


Bank Deposits 


Money 






Chartered Banks 


Bank of 








Notes"' 


Coin' 2 ' 


Total 


Demand* 3 ' 


Active 

Notice* 4 ' 


Other* 5 ' 
excl. Govt, 
of Canada 


Total 


Deduct 
Floats 


Net 
Total 


"Other" 
Deposits 

(7) 


Total 


Supply 




As at Dec. 31 




























1938 


207 


31 


238 


734 


187 


42 


963 


116 


847 


3 


850 


1,088 


IS 


1940 


341 


38 


379 


1,031 


203 


112 


1,346 


172 


1,174 


10 


1,184 


1,563 




1944 


930 


60 


990 


1,862 


363 


153 


2,378 


243 


2,135 


28 


2,163 


3,153 




1945 


992 


63 


1,055 


2,063 


474 


172 


2,709 


280 


2,429 


30 


2,459 


3,514 




1946 


1,031 


65 


1,096 


2,291 


614 


229 


3,134 


328 


2,806 


94 


2,900 


3,996 




1947 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,944 




1948 

End of 

1947-Oct. 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,335 




1,055 


66 


1,121 


2,263 


591 


237 


3,091 


356 


2,735 


71 


2,806 


3,927 




Nov. 


1,052 


66 


1,118 


2,126 


593 


217 


2,936 


251 


2,685 


62 


2,747 


3,865 


i 


Dec. 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,944 


1 


1948-Jan. 


1,028 


65 


1,093 


2,073 


609 


214 


2,896 


232 


2,664 


61 


2,725 


3,818 




Feb. 


1,038 


66 


1,104 


2,105 


620 


220 


2,945 


230 


2,715 


75 


2,790 


3,894 


1 


Mar. 


1,032 


66 


1,098 


2,201 


629 


263 


3,093 


345 


2,748 


87 


2,835 


3,933 


} 


1948-Oct. 


1,131 


70 


1,201 


2,341 


647 


239 


3,227 


292 


2,935 


72 


3,007 


4,208 




Nov. 


1,100 


69 


1,169 


2,534 


651 


271 


3,456 


362 


3,094 


64 


3,158 


4,327 


\ 


Dec. 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,335 




1949-Jan. 


1,063 


68 


1,131 


2,337 


634 


266 


3,237 


293 


2,944 


87 


3,031 


4,162 




Feb. 


1,070 


69 


1,139 


2,289 


640 


260 


3,189 


317 


2,872 


80 


2,952 


4,091 




Mar. 


1 ,095 


69 


1,164 


2,281 


659 


287 


3,227 


335 


2,892 


85 


2,977 


4,141 





(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



(5) Chartered banks' Canadian dollar deposits of provincial governments, 
Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end returns to 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published month-end 
statements — i.e. excluding Government of Canada, chartered bank! 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the amount of 
foreign currency deposit liabilities. 






APRIL 1949 



58 



ED BANKS 

( *anada 



Millions of Dollars 





ASSETS 






Loans 






Total 


CANADA 


ABROAD 


Total 

Assets 




Call 


Current 


Current 


Call 


Current 








Public 


Other 










499 


267 


1,343 


112 


301 


248 


3,528 




696 


117 


1,032 


165 


84 


172 


2,869 




1,426 


107 


732 


117 


68 


165 


3,317 




4,287 


132 


1,223 


44 


87 


155 


7,430 


. 


,4,108 


104 


1,693 


54 


76 


198 


7,811 


i4,120 

f 3,882 


81 


1,923 


75 


74 


234 


8,140 


93 


1,859 


71 


69 


205 


7,865 


1 3,850 


92 


1,985 


80 


64 


222 


7,860 


, 3,874 


105 


1,921 


78 


56 


234 


7,974 


3,972 


77 


1,891 


62 


58 


236 


7,825 


I 3,968 


70 


1,861 


72 


73 


224 


7,775 


4,036 


65 


1,844 


77 


76 


222 


7,949 


1,156 


97 


2,011 


99 


71 


241 


8,324 


4,212 


96 


2,129 


72 


80 


250 


8,579 


1,268 


101 


2,077 


71 


78 


240 


8,580 


1,311 


90 


2,054 


77 


73 


244 


8,458 


1,322 


108 


2,033 


86 


79 


247 


8,466 




1,285 


81 


2,026 


103 


79 


239 


8,426 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in <J) 
Canada 


Deposits 


Canadian 


Note (j) 




(4) 


Deposits 


Circulation 












Average of 
Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


666 


6,216 


10.7 


1,025 


Oct. -1947 


677 


6,291 


10.8 


1,031 


Nov. 


680 


6,291 


10.8 


1,040 


Dec. 


738 


6,377 


11.6 


1,006 


Jan. -1948 


690 


6,299 


11.0 


1,008 


Feb. 


682 


6,251 


10.9 


1,023 


Mar. 


735 


6,805 


10.8 


1,107 


Oct. -1948 


755 


6,940 


10.9 


1,099 


Nov. 


723 


6,966 


10.4 


1,105 


Dec. 


748 


6,997 


10.7 


1,062 


Jan.- 1949 


719 


6,939 


10.4 


1,055 


Feb. 


707 


6,859 


10.3 


1,075 


Mar. 



Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Bank of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 1944, an approximate figure only. 



ELATED BANK ASSETS 

I nada 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 






:; 



As at Dec. 31 

1938 
1940 
1944 
1945 
1946 
1947 
1948 

End of 

1947-Oct. 

Nov. 

Dec. 
1948-Jan. 

Feb. 

Mar. 

1948-Oct. 
Nov. 
Dec. 

1949- J an. 
Feb. 
Mar. 



Government of Canada Securities, Gold and Exchange 



Bank of< 8) 
Canada 
Gold and 
Exchange 

214 
38 



Banking' 9 ' 
Securities 



196 
743 
2,321 
1,696 
1,476 
811 
1,138 

863 
775 
811 
832 
882 
1,068 

1,125 
1,145 
1,138 
1,094 
1,099 
992 



Other Govt. Securities 



Bonds' 10 ' 

753 
737 
2,006 
3,241 
3,745 
3,718 
3,834 

3,737 
3,733 
3,718 
3,706 
3,655 
3,512 

3,801 
3,788 
3,834 
3,919 
3,944 
3,998 



Victory"" 

Loan 
Advances 



271 
411 



Total 



753 
737 

2,277 
3,652 
3,745 
3,718 
3,834 

3,737 
3,733 

3,718 
3,706 
3,655 
3,512 

3,801 
3,788 
3,834 
3,919 
3,944 
3,998 



Total 



1,163 
1,518 
4,598 
5,348 
5,221 
4,529 
4,972 

4,600 
4,508 
4,529 
4,538 
4,537 
4,580 

4,926 
4,933 
4,972 
5,013 
5,043 
4,990 



Deduct 

Govt. 

Deposits 



79 
32 
720 
1,002 
366 
272 
320 

227 

368 
272 
272 
137 
111 

331 
286 
320 
420 
487 
229 



Net 
Total 



1,084 
1,486 
3,878 
4,346 
4,855 
4,257 
4,652 

4,373 
4,140 
4,257 
4,266 
4,400 
4,469 

4,595 
4,647 
4,652 
4,593 
4,556 
4,761 



All other 
Loans 
and 
Invest- 
ments 

(13) 



1,628 
1,720 
1,593 
1,827 
2,297 
3,084 
3,341 

2,989 
3,103 
3,084 
3,020 
2,995 
3,000 

3,236 
3,375 
3,341 
3,302 

3,286 
3,206 



Deduct 

Inactive 

Notice 

Deposits 



1,472 
1,438 
2,060 
2,391 
2,856 
3,143 
3,408 

3,162 
3,117 
3,143 
3,215 
3,261 
3,298 

3,393 
3,435 
3,408 
3,484 
3,520 
3,605 



Total 

Related 

Bank 

Assets 



1,240 
1,768 
3,411 
3,782 
4,296 
4,198 
4,585 

4,200 
4,126 
4,198 
4,071 
4,134 
4,171 

4,438 
4,587 
4,585 
4,411 
4,322 
4,362 



{')) Bank o! Canada and Chartered bank holdings of Government of Canada 
Treasury Bills, Deposit Certificates, Treasury notes and any other 
short term issues sold direct to Bank of Canada and chartered banks. 

10) Bank of Canada and chartered bank holdings of Government of Canada 
direct and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 

11) Chartered banks' temporary advances to the public in connection 
with the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



59 



APRIL 1949 



IV— SECURITY PRICES 

Bank of Canada 







Government of Canada Bonds Payable in Canada Only 








Based on Middle of the Market quotations 






Average of B 


usiness Days 


15th of Each Month 








Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Pe! 


petuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 














1948— Apr. 


99.04 


3.03 


2.98 


2.79 


2.29 


1.35 


May 


99.41 


3.02 


2.92 


2.69 


2.30 


1.38 


June 


99.34 


3.02 


2.96 


2.72 


2.32 


1.47 


July 


99.41 


3.02 


2.94 


2.68 


2.26 


1.44 


Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 


Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 


Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 


Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 



YIELDS OF GOVERNMENT OF CANADA BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1936-49 




38% 



3.8% 



1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 

(1) Prior to 1940 figures are for the 1st of month. (2) 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. (3) April 15. 



\m 



APRIL 1949 


























IV— SECURITY 


PRICES 
















Bank of Canada 












Government Bonds 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada*" 


U. K.<» 


U.S A.<» 






















U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


Monthly 




















1948— Jan. 


102.25 


2.80 


100.92 


2.90 


101.03 


2.42 


.410 


.514 


.976 


Feb. 


101.85 


2.83 


101.00 


2.90 


101.03 


2.42 


.410 


.503 


.994 


Mar. 


100.27 


2.98 


101.30 


2.86 


101.10 


2.42 


.410 


.506 


.997 


Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


All 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


All 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.523 


1.162 


Apr. 


100.88 


2.91 


103.67 <4) 


2.5 8 W 


102.07 


2.33 


.498 


.510 


1.153 



60 



(1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. IS. 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. (4) Apr. 1-14. 



(3) U.S. Treasury 2J^% due Dec. 15. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 

Daily Opening Quotations 



CANADA, U.K. & U.S.A.: 1948-49 



2.1% 



2 3% 



2.5% 




APR, MAY JUNE JULY 

1948 

Security is not eligible for commercial banks before Dec. 1. 1952. (1) April 14. 



- 



61 



APRIL 1949 



V— GOVERNMENT BOND YIELDS 

Bank of Canada 



1948 



Jan. 1st Mar. 31st | June 30th | Sept. 30th | Dec. 31st 



1949 



Mar. 31st 



Government of Canada 



3% 
3% 
3% 

4% 
3M% 
4H% 
4M% 



Internal I 

due Nov. 1, 
due Mar. 1, 
due Jan. 1, 
due Sept. 1, 
New York 
due Oct. 1, 
due Jan. 15 
due Sept. 1, 
due July 1, 



SSUES 

1950 

1952/54. 
1956/59. . 

1961/66. 

Issues 
1950/60. . 
, 1956/61, 

1951*. . . 
1957*. . .. 



1.42 
1.80 
2.35 
2.60 

2.48 
2.74 
2.76 
3.01 



1.44 
2.18 
2.84 
2.98 

2.34 
2.68 
2.35 
2.97 



1.57 
2.18 
2.70 
2.94 

2.28 
2.69 
2.20 

2.82 



1.53 
2.10 
2.75 
2.98 

2.20 

2.71 
2.24 
2.87 



1.64 
2.02 
2.67 
2.93 

2.02 

2.51 
2.08 
2.68 



1.64 
2.04 
2.61 
2.93 

1.55 
2.22 
1.84 
2.46 



United States Government 



13^% due Dec. 15, 1950.... 
2]/ 2 % due Mar. 15, 1952/54. 
2Y 2 % due Mar. 15, 1956/58. 
2H% due Dec. 15, 1967/72. 



1.40 
1.72 
2.13 

2.48 



1.35 
1.62 
2.01 

2.48 



1.34 
1.58 
1.98 
2.48 



1.39 
1.71 
2.04 
2.48 



1.36 
1.58 
1.93 
2.47 



1.32 
1.49 

1.77 
2.43 



United Kingdom Government 



1%% due Feb. 15, 1950.... 
2^% due Mar. 1, 1952/54. 

3% due Oct. 15, 1955/59 . 

3% due Aug. 15, 1965/75. 



1.45 
2.50 
2.80 
2.98 



1.24 
2.17 
2.53 
3.03 



1.17 
1.95 
2.38 
3.03 



1.19 
1.88 
2.34 
2.96 



1.24 
1.74 
2.18 
2.86 



1.40 
1.56 
2.15 
2.86 



* Canadian National Railways (Guaranteed by Canada) 



Millions of Dollars 



VI— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS* 

Department of Finance 



Jan. 



Feb. 



Mar. 



Apr. 



May 



June 



July 



Aug. 



Sept. 



Oct. 



Nov. 



Dec. 



1947 



Gold 

U.S. Dollars 


493.9 
649.2 


407.4 
550.3 


387.8 
423.5 


392.4 
307.9 


378.4 
332.0 


338.8 
327.1 


322.5 

328.8 


327.9 
340.1 


335.8 
279.6 


344.5 
182.0 


302.4 

177.8 

480.2 


286.6 

215.1 


Total 


1,143.1 


957.7 


811.3 


700.3 


710.4 


665.9 


651.3 


668.0 


615.4 


526.5 


501.7 













1948 














Gold 

U.S. Dollars 


296.0 
215.0 


305.3 
222.2 


313.5 
294.0 


322.7 
345.7 


331.2 
362.9 


340.4 
401.5 


350.7 

418.0 


359.9 
454.3 


370.9 
484.0 


380 1 
512.1 


388 9 
579.3 


401 3 
596.5 


Total 


511.0 


527.5 


607.5 


668.4 


694.1 


741.9 


768.7 


814.2 


854.9 


892.2 


968.2 


997.8 



1949 



Gold 407.2 

U.S. Dollars 614.7 



Total 



1,021.9 



406.6 
637.3 

1,043.9 



408.1 
659.1 

1,067.2 



* Gold and United States Dollars held by the Exchange Kund Account, and Other Government of Canada Accounts. 



\m 



APRIL 1949 



62 



VII— BOND ISSUES AND RETIREMENTS 03 

Par Values in Millions of Canadian Dollars* Bank °f Canada 





I-Govt. of Canada Direct & 
Guaranteed and Other G.N.R. 




II-Provingial Direct and Guaranteed 








Net New 


New Issues 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 












Issues or 




New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.3 


66.4 


1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137.4 


69.0 


28.3 


1946 


913.5 


866.1 


47.4 




59.6 


73.4 


68.7 


82.4 


18.1 


1947 


371.4 


641.5 


270.1 




150.1 (2) 


125.2 


123.2 


84.3 


67.8 (2) 


1948 


1,424.8 


1,634.8 


210.0 




242.3 


95.7 


92.4 


44.6 


201.1 


Quarters 




















1948-1 


414.5 


652.3 


237.8 




48.3 


11.4 


6.8 


21.5 


31.3 


II 


95.7 


49.6 


46.1 




24.6 


41.9 


12.4 


11.3 


42.8 


III 


153.1 


183.8 


30.7 




49.9 


4.5 


28.6 


4.9 


20.8 


IV 


761.5 


749.1 


12.4 




119.6 


37.9 


44.5 


6.8 


106.1 


1949-1 


45.2 


98.3 


53.1 




57.4 


1.4 


1.8 


39.3 


17.7 





III-Corporations 




New ', 


SSUES 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1944 


51.1 


95.5 


95.5 


89.4 


38.3 


1945 


79.1 


107.3 


110.2 


76.1 


- 


1946 


123.2 


460.5 


460.8 


124.3 


1.2 


1947 


263.0 


203.1 


197.3 


148.2 


120.5 


1948 


256.6 


17.9 


23.7 


54.4 


196.4 


Quarters 












1948-1 


83.0 


10.0 


9.1 


14.3 


69.6 


II 


59.1 


3.0 


6.7 


15.2 


40.2 


III 


54.1 


1.6 


6.6 


14.8 


34.3 


IV 


60.3 


3.3 


1.3 


10.1 


52.2 


1949-1 


41.7 


.3 


.3 


15.8 


25.9 




IV-Govt.ofCanadaTreasuryBills. 


Deposit Certificates and Short- 


TermNotesSoldDirecuytoBank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


248 


2,491 


695 


1,796 


250 


1,546 


346 


1,200 


100 


1,300 


100 


1,300 


- 


1,300 


- 


1,300 


- 


1,300 




1,300 






SUMMARY OF CHANGES IN CURRENCY OF PAYMENT (1) 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 

AND CORPORATION BONDS 



Par Values in Millions of Canadian Dollars 





NEW ISSUES were payable In: 


RETIREMENTS were payable in: 


Net Increase or 

Net Decrease 

In Bonds Outstand- 




Canada 
only 


NewYork 
only 


Canada & 
NewYork 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


ing Payable: 




In Canada 
only 


Abroad 


Calendar Years 

1944 
1945 
1946 
1947 
1948 

Quarters 

1948-1 

II 

III 

IV 

1949-1 


3,269.9 
3,873.6 
1,454.2 
1,102.2 
1,747.3 

517 2 
134.3 
113.3 

982.6 

145.9 


83.8 
49.0 

171.1 
5.5 

290.0 

50 

90.0 

150.0 


15.1 

77.9 

4.8 

5.0 


1.3 

.4 
.1 


3,370.2 
4,000.9 
1,630 2 
1,112 7 
2,037.3 

567.2 
224.3 
263.3 
982.6 

145.9 


635.1 
283.1 

1,101.8 
933.6 

1,662.2 

692.6 
81.1 
87.7 

800.9 

145.5 


27.6 
73.2 

317.5 
66.5 

160.4 

6.5 

2.6 

148.7 

2.6 

1.2 


63.5 

52.0 

109.4 

60.6 

18.7 

3.1 
8.6 
1.9 
5.1 

3.1 


100.6 

101.0 

58.1 

104.7 

5.1 

1.4 

2.0 

.1 

1.6 

2.0 


23.6 
16.1 
15.2 
29.1 
3.4 

.4 

.8 

.4 

1.7 

3.7 


850.4 

525.4 

1,602.1 

1,194.5 

1,849.8 

704.0 

95.2 

238 8 

811.9 

155.4 


2,634.8 

3,590.5 

352 4 

168 6 

85.1 

175.4 
53.2 
25.6 

181.7 

.4 


115.1 
115.0 
324.3 
250.4 
102.4 

38.6 

75.9 

/./ 

11.0 

9.9 



* Issues payable in foreign currency are included on the basis of the official rates of the Foreign Exchange Control Board. 

(1) Subject to revision. Provincial Treasury Bills are excluded. Govt, of Canada Treasury Bills, Deposit Certificates and short-term notes sold directly to 
Bank of Canada and the chartered banks are not included in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no 
tabulation in respect of municipalities and religious institutions was possible. However, the net reduction of total municipal bonded debt less sinking funds 
has been (in millions of dollars) 27, 43 and 5 in the years 1944 to 1946 respectively. Before the transfer to the Quebec Municipal Commission of certain 
school debt, the estimated net increase in 1947 and 1948 was 28 and 52. 

(2) Before giving effect to the issue of SI 12.2 million of Quebec Hydro debentures in connection with retirement of Montreal Light, Heat & Power stock and of 
S63.2 million of Quebec Municipal Commission bonds re transfer of the debt of certain school corporations. 



63 



APRIL 1949 



VIII— ESTIMATED CANADIAN BALANCE OF H^ 

Dominion £r 



Millions of Canadian Dollars 


1947 


1948t 


Receipts 


Payments 


Balance 


Receipts 


Payments 


Balance 


All Countries 

Current Account 


2,710 

99 

251 

62 

322 

302 


2,535 

167 
337 
278 
344 


175 
99 
84 

275 
44 
42 


3.030 
119 
282 
70 
337 
301 


2,598 

132 
325 
275 
337 


432 




119 




150 


Interest and Dividends 


255 


Freight and Shipping 


62 




36 






Total Current Account 


3,746 

87 

• 

104 

* 


3,661 

362 

* 

563 

* 


85 

275 
4 
563 
104 
684 


4,139 

150 

* 

16 

64 

* 


3,667 

113 

* 

142 

* 


472 


CAPrTAL Account 

New Issues or Retirements f Canadian 

Securities held abroad 


37 


Sales or Purchases of Outstanding Securities 

Govt. Loans and Advances to other Countries 

Repay ts. on 1942 Canadian Loan to U.K 


17 

126 

64 


Other Capital Transactions 


408 






Capital Movement 


* 


* 
38 


54 
38 

7 


* 


* 
19 


450 


UNRRA and Other Official Relief 


19 


Balancing Item <3) 


3 






U.K. AND OTHER STERLING AREA 
Current Account 

United Kingdom 

Merchandise Trade (Adjusted) 


749 
7 
8 

114 
89 


182 

9 

53 

32 

58 


567 

2 

45 

82 

31 


703 
9 
9 

107 
95 


287 
12 
50 
36 
50 


416 


Tourist and Travel 


3 


Interest and Dividends 


41 


Freight and Shipping 


71 


Other Current Items 


45 






Total 


967 

366 

1 

5 

39 

4 


334 

160 
3 
1 

5 
5 


633 

206 

2 

4 

34 

1 


923 

293 
1 

4 
30 

7 


435 

192 
4 
1 

4 
5 


488 


Other Sterling Area 

Merchandise Trade (Adjusted) 


101 


Tourist and Travel 


3 


Interest and Dividends 


3 


Freight and Shipping 


26 


Other Current Items"* 


2 






Total 


415 

1,115 

8 

13 

153 

93 


174 

342 
12 
54 
37 
63 


241 

773 
4 

41 
116 

30 


335 

996 

10 

13 

137 

102 


206 

479 
16 
51 
40 
55 


129 


Total Sterling Area 


517 


Tourist and Travel 


6 


Interest and Dividends 


38 


Freight and Shipping 


97 


Remaining Current Items 


47 






Total 


1,382 

967 

415 

1,382 

I 
104 

3 


508 

334 
174 

508 

41 
9 

423 
10 


874 

633 
241 

874 

41 

9 

104 

423 

7 


1,258 

923 

335 

1,258 

64 

* 


641 

435 
206 
641 

14 

4 

52 

* 


617 


Total Current Account— United Kingdom 

Other Sterling Area 
Total Sterling Area . 

Capital Account 

Retirements f Canadian Securities 


488 
129 
617 

14 


Other Security Transactions (net) 


4 


Repayts. on 1942 Canadian Loan to U.K 

Post War Loan to U.K 


64 
52 


Other Capital Transactions 


18 






Capital Movement 


107 


483 
505 


376 

505 

7 


* 


• 
597 


24 


Net Receipts of Convertible Exchange 
from Sterling Area Transa ctionscu. .... 

Balancing Item (3> 


597 
4 







APRIL 1949 
JERNATIONAL PAYMENTS : 1947 AND 1948t 

tiu of Statistics 



64 



Millions of Canadian Dollars 


1947 


1948t 


Receipts 


Payments 


Balance 


Receipts 


Payments 


Balance 


U.S. and Other Countries 
Current Account 

United States 


1,048 

99 

241 

35 

104 

184 


1,951 

152 

274 
221 
248 


903 

99 

89 

239 

117 

64 


1,508 
119 
270 
37 
132 
174 


1,797 

112 
267 
216 
249 


289 


Net Exports of Non-monetary Gold 


119 


Tourist and Travel 


158 


Interest and Dividends 


230 


Freight and Shipping 


84 


Other Current Items 


75 






Total 


1,711 

547 

2 

14 

65 

25 


2,846 

242 

3 

9 

20 

33 


1,135 

305 
1 
5 

45 
8 


2,240 

526 

2 

20 

68 

25 


2,641 

322 

4 

7 

19 

33 


401 


Other Countries 


204 


Tourist and Travel 


2 




13 


Freight and Shipping 


49 




8 






Total 


653 

1,595 

99 

243 

49 

169 

209 


307 

2,193 

155 
283 
241 
281 


346 

598 
99 
88 

234 

72 
72 


641 

2.034 
119 
272 
57 
200 
199 


385 

2,119 

116 
274 
235 
282 


256 


Total U. S. and Other Countries 


85 


Net Exports of Non-monetary Gold 


119 


Tourist and Travel 


156 


Interest and Dividends 


217 


Freight and Shipping 


35 


Other Current Items 


83 






Total 


2,364 

1,711 

653 

2,364 

87 

* 

* 


3,153 

2,846 

307 

3,153 

321 

* 

140 

* 


789 

1,135 

346 

789 

234 
5 

743 

140 
52 


2,881 

2,240 

641 

2,881 

150 

* 

* 


3,026 

2,641 

385 

3,026 

99 

* 

74 

* 


145 


Total Current Account— United States 

Other Countries 

Total U.S. and Other Countries 

Capital Account 

New Issues or Retirements of 

Canadian Securities 


401 
256 
145 

51 


Sales or Purchases of Outstanding Securities 

Change in Liquid Reserves of Gold 

and U.S. Dollars 


13 

496 




74 


Other Capital Transactions, net 


106 






Capital Movement 


* 
505 


* 
38 


322 

38 

505 


* 
597 


* 
19 


426 


UNRRA & Other Official Relief 


19 


Net Sales of Convertible Exchange Received 
from Sterling Area Transactions* 1 ) 

Balancing Item' 3 ' 


597 
7 







t Preliminary. 

(1) This represents convertable exchange received from U.K. in part settlement of the sterling area deficiency with Canada, and available in turn for application 
to Canada's deficiency with the United States. 

(2) Under Part II of the Export Credits Insurance Act: after deducting repayments of interim advances. 

(3) Reflects possible errors and the omissions of certain factors which cannot be measured statistically, such as changes in the timing of payments for goods and 
services. 

* Not available. 



65 



APRIL 1949 









IX- 


BUSINESS ACTIVITY 


















Dominion E 


ureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Value 

of 

Department 

Store Sales 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations* 2 ' 


Index 

(3) 

Unadjusted 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Millions 
of Dollars 


June 1, 
1941 = WO 


Annual Totals * 

1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 




1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


288 


74.6 


- 


1940 


2,833 


96 


2,335 


4,143 


31,063 


213 


3.690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,447 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,601 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 

Mar. 1949 


3,609* 


* 
133 


3,262 


4,671 


40,694 


392 


4,053 


817 


128.4 


205.0 


Monthly 

1947— Sept. 


247.7 


7.6 


234.2 


366.1 


3,074 


22.5 


352 


67.3 


126.5 


180.3 


Oct. 


258.8 


11.5 


256.5 


396.3 


3,297 


17.7 


388 


66.9 


127.6 


184.9 


Nov. 


252.2 


9.9 


255.4 


364.5 


3,227 


20.2 


356 


81.6 


129.5 


189.7 


Dec. 


274.8 


11.5 


249.8 


368.9 


3,389 


13.4 


321 


93.2 


130.7 


193.9 


1948— Jan. 


273.4 


10.8 


256.7 


371.6 


3,397 


15.0 


317 


45.1 


126.9 


178.3 


Feb. 


261.6 


9.7 


239.6 


344.6 


3,171 


15.1 


286 


45.9 


124.0 


185.7 


Mar. 


287.7 


10.5 


286.0 


387.7 


3,467 


20.5 


324 


64.5 


123.7 


189.3 


1948— Sept. 


294.9 


9.8 


257.9 


376.1 


3,363 


34.1 


378 


70.7 


132.2 


209.3 


Oct. 


306.9 


10.3 


281.9 


399.8 


3,538 


32.1 


388 


82.4 


133.1 


215.7 


Nov. 


311.3 


12.7 


278.0 


397.3 


3,388 


29.8 


370 


89.7 


133.3 


218.0 


Dec. 


327.0 


13.0 


280.4 


385.8 


3,415 


17.8 


316 


109.7 


133.8 


219.0 


1949— Jan. 


309.0 


11.2 


284.7 


386.0 


3,407 


30.3 


300 


49.1 


128.4 


204.5 


Feb. 


307.5 


10.9 


259.3 


372.3 


3,114 


19.2 


289 


50.1 


124.8 


207.6 


Mar. 






298.5 


415.8 


3,602 


19.9 


330 


69.1 


123.9 


207.3 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. 

(4) Average of months in case of Employment and Payrolls Indexes. * 12-Months ending Feb. 1949. 



(3) 8 Leading industries. First of month figures. 



VALUE OF RETAIL TRADE 

TOTAL ALL TRADES millions of dollars GROCERY & COMBINATION STORES 



1200 



800 



400 















i _^H949 




1948 — } 
19 




I 













^C 


~^z. 


1948—1 


^^ 


1 




*-l947 






, , 


, 




, , 



120 



80 



40 



1941 

WTHLY AVER 



DJFMAMJJASOND 

COUNTRY GENERAL STORES 



mtm'l^w. DJ FMAMJJASOND 



DEPARTMENT STORES 



120 



80 



40 



1948- 




DJFMAMJJASOND 




APRIL 1949 



66 



X— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistic s ll) Board of Trade w 



U.S.A. 

Bureau of Labor Statistics^ 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mth». 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180 6 


162.7 


154.2 


167.4 


1948 


229.6 


215.9 


202.4 


184.0 


198.7 


Monthly 












1948-Feb. 


216.6 


203.6 


195.5 


180.3 


191.1 


Mar. 


217.4 


203.7 


195.6 


179.6 


190.5 


Apr. 


222.1 


207.5 


198.0 


180.6 


192.6 


May 


228.4 


210.9 


199.7 


180.6 


194.6 


June 


239.1 


215.6 


205.7 


180.8 


197.0 


July 


240.0 


214.0 


205.3 


182.0 


197.1 


Aug. 


238.2 


224.9 


206.9 


188.2 


204.7 


Sept. 


236.2 


225.0 


206.6 


189.0 


205.2 


Oct. 


232.7 


226.7 


207.0 


189.0 


206.5 


Nov. 


232.4 


227.5 


206.9 


189.1 


207.1 


Dec. 


233.6 


226.3 


207.0 


189.2 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


190.1 


218.2 


189.8 


218.7 


191.4 


220.8 


191.5 


222.0 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


221.1 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.6 


243.8 


227.7 


218.0 


186.6 


199.6 


244.7 


227.5 


219.7 


188.2 


200.2 


245.7 


228.5 


223.4 


190.3 


202.0 


248.8 


231.2 


224.3 


191.4 


203.3 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.4 


217.7 


205.9 


186.1 


196.5 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39= 100 from base 1926= 100. 

(2) Adjusted to 1935-39-100 from base 1913-100 in 1929 and from base 1930-100 thereafter. 

(3) Adjusted to 1935-39-100 from base 1926= 100. 

* An independent 9eries with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive to 
Aug. 1, 1945. 



Index 1935-39 - 100 



XI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1947— Nov. 


173.6 


122.6 


157.0 


119.9 


151.4 


118.2 


143.6 


Dec. 


178.7 


120.3 


159.3 


119.9 


154.9 


119.8 


146.0 


1948— Jan. 


182.2 


120.4 


161.2 


119.9 


158.4 


122.6 


148.3 


Feb. 


186.1 


120.1 


165.1 


119.9 


159.9 


122.8 


150.1 


Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 - 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450- $2,500, with incomes between $1,000-$ 1,600 most common. 



67 



APRIL 1949 



Index 1935-39 = 100 



XII— FARM PRICES OF AGRICULTURAL PRODUCTS* 

Dominion Bureau of Statistics 





P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 


Canada 


Annual Average 






















1935 


81.4 


92.6 


80.8 


90.1 


93.2 


85.6 


83.1 


84.3 


92.7 


88.0 


1939 


104.6 


107.6 


111.4 


100.4 


99.2 


85.6 


79.9 


84.9 


98.8 


91.8 


1944 


172.7 


173.3 


171.9 


171.7 


168.7 


173.1 


171.4 


176.9 


179.7 


172.3 


1945 


196.7 


180.8 


195.3 


179.5 


174.1 


186.3 


189.4 


193.4 


187.9 


184.1 


1946 


194.2 


191.1 


207.7 


196.9 


187.4 


204.3 


209.5 


213.2 


199.0 


200.6 


1947 


180.3 


185.1 


199.6 


213.6 


201.7 


220.4 


218.0 


224.7 


206.7 


212.4 


1948 


237.9 


214.2 


250.5 


265.8 


259.3 


253.3 


238.8 


255.6 


237.0 


252.5 


Monthly 






















1948— Jan. 


231.6 


204.1 


239.7 


251.8 


241.3 


247.1 


232.5 


243.9 


222.9 


240.6 


Feb. 


229.4 


203.6 


243.4 


258.9 


241.6 


242.4 


230.6 


242.6 


219.8 


240.3 


Mar. 


233.8 


207.8 


242.2 


257.7 


240.1 


241.8 


231.8 


243.3 


218.9 


240.1 


Apr. 


240.1 


210.1 


251.2 


257.8 


242.5 


244.6 


233.8 


246.2 


225.5 


242.7 


May 


279.1 


216.1 


266.4 


263.4 


246.6 


250.3 


237.0 


250.2 


227.4 


247.5 


June 


303.2 


224.5 


288.7 


266.8 


266.2 


255.6 


241.2 


257.1 


232.9 


257.5 


July 


288.3 


233.1 


314.1 


270.8 


264.9 


257.2 


251.6 


259.5 


243.1 


259.2 


Aug. 


258.2 


232.3 


267.2 


273.9 


279.2 


258.6 


244.0 


266.0 


249.7 


264.1 


Sept. 


204.3 


216.1 


225.7 


270.0 


273.9 


261.3 


244.2 


269.6 


249.5 


261.3 


Oct. 


195.7 


207.3 


221.8 


272.8 


274.2 


259.1 


242.5 


266.1 


251.0 


260.2 


Nov. 


196.6 


205.9 


223.0 


271.7 


270.3 


260.8 


241.2 


259.1 


253.0 


257.6 


Dec. 


194.1 


209.0 


222.3 


273.6 


270.5 


261.3 


245.1 


263.5 


250.0 


259.4 


1949— Jan. 


196.5 


213.9 


227.3 


273.6 


266.2 


260.0 


243.9 


260.2 


246.3 


257.2 


Feb. 


200.7 


215.7 


224.0 


269.9 


259.2 


256.1 


240.9 


254.9 


240.9 


252.5 



* Prices received by farmers omitting storage, transportation, processing and handling charges, but including subsidies, bonuses and premiums which can be 
attributed to specific products. Revised to include retroactively participation payments on wheat and the equalization payments on oats and barley. 



FARM OPERATING AND LIVING COSTS 
AND FARM PRICES OF AGRICULTURAL PRODUCTS 



INDEX 1935-39 100 



INDEX 1935-39 = 100 




JSDMJ SDMJSDMJSDMJ 

1945 1946 1947 1948 1949 

* In the case of commodities and services used for farm production and farm family living costs, figures for January, April, and August only, 

are available. (1) See note * above. (2) Farm implements, building materials, gasoline, oil and grease, feed, fertilizer, binder twine, seed and 

hardware, plus tax rates, interest rates, and farm wage rates. 



APRIL 1949 



68 



Index 1935-39 = 


100 


XIII— FARM OPERATING AND LIVING COSTS 

Dominion Bureau of Statistics 










Commodities Used by Farmers 


»B"<» 


««C"0) 






Imple- 
ments 


Fertilizer 


Seed 


Gasoline. 
Oil & 
Grease 


Building 
Material 


Hardware 


Feed 


Binder 
Twine 


"A" 

(Total 8 

Com- 
modities) 


Farm 
Living 
Costs 


Annual Average 

1935 
1936 
1937 
1938 
1939 


95.5 

97.8 

97.2 

104.1 

103.6 


97.0 

98.2 

101.4 

103.3 

100.2 


90.4 

100.4 

133.2 

96.7 

79.4 


105.1 

101.7 

99.7 

97.4 

96.2 


87.1 
97.3 

108.7 
98.7 

108.1 


96.4 

96.7 

101.0 

104.3 

101.6 


93.5 

97.6 
127.6 
100.8 

80.5 


89.6 
100.8 
106.4 
109.2 

93.8 


95.6 

98.7 

108.4 

101.2 

95.7 


96.9 

98.8 

105.8 

101.1 

97.0 


95.4 

98.1 

105.3 

101.7 

99.3 


97.9 

98.3 

102.9 

101.9 

99.5 


1944— Jan. 
Apr. 
Aug. 


117.1 
118.7 
118.7 


112.9 
112.9 
112.9 


136.6 
136.3 
135.7 


114.7 
114.7 
114.7 


172.1 
172.7 
174.2 


120.9 
120.9 
119.8 


124.6 
125.4 
125.3 


126.4 
126.4 
126.4 


125.6 
126.2 
126.2 


122.0 
122.5 
122.5 


142.2 
149.4 
152.2 


122.7 
123.1 
122.7 


1945— Jan. 
Apr. 

Aug. 


115.1 
115.1 

115.1 


112.9 
112.9 
112.9 


137.2 
138.8 
139.5 


114.1 
114.1 
114.4 


175.2 
175.1 
174.2 


119.8 
120.0 
119.3 


127.0 

127.8 
128.1 


126.4 
126.4 
126.4 


125.7 
126.0 
126.0 


122.6 
122.9 
122.9 


146.1 
153.4 
156.9 


122.9 
123.1 
123.7 


1946— Jan. 
Apr. 
Aug. 


117.4 
117.4 
121.6 


112.9 
112.9 
115.8 


142.5 
145.0 
142.6 


114.4 
117.3 
117.4 


174.3 
175.4 
176.0 


119.3 
120.3 
122.8 


127.9 
128.2 
128.9 


126.4 
126.4 
126.4 


126.8 
127.9 
129.4 


124.5 
125.3 
126.4 


149.7 
158.7 
162.7 


124.7 
126.1 
130.5 


1947— Jan. 
Apr. 
Aug. 


128.1 
125.4 
125.4 


120.3 
120.3 
120.8 


146.0 
168.9 
189.9 


117.7 
122.4 
123.6 


177.4 
178.8 
204.0 


124.0 
128.2 
136.9 


130.2 

142.7 
146.5 


126.4 
226.2 
226.2 


132.2 
140.1 
146.3 


130.4 
136.4 
141.0 


159.3 
172.2 
179.5 


132.3 
136.1 
146.5 


1948— Jan. 
Apr. 
Aug. 


138.8 
138.8 
147.3 


131.2 
131.2 
132.2 


252.2 
241.2 
223.4 


134.0 
137.0 
139.7 


217.7 
222.6 
234.0 


142.4 
156.1 
159.4 


202.4 
201.3 
208.2 


226.2 
294.0 
294.0 


169.8 
172.9 
176.7 


159.4 
161.7 
164.6 


189.3 
197.8 
203.7 


155.3 
163.7 
169.5 


1949— Jan. 


158.0 


141.4 


218.5 


139.2 


237.5 


162.6 


209.0 


294.0 


180.3 


167.3 


198.3 


171.8 



(1) "B" equals "A" (8 commodities used by farmers) plus tax rates and interest rates. (2) "C" equals "B" plus farm wage rates. 

XIV— NET INCOME OF FARM OPERATORS FROM FARM OPERATIONS 

Millions of Dollars Dominion Bureau of Statistics 



P.E.I. 



N.S. N.B 



Que. 



Ont. Man. Sask. Alta. B.C. Canada 



1947 



Cash Income 

Income in kind 
Inventory Changes. 



Gross Income 

Operating and Depreciation . 

Net Income (ex. supp. pay.) 
Supplementary Payments. 

Net Income of 

Farm Operators 



17.8 

4.4 

.8 


32.2 

14.0 

1.1 


38.5 

15.0 

.6 


285.1 
84.8 
25.0 


541.3 
98.7 
13.5 


181.4 
23.5 
10.3 


429.5 
49.0 
38.5 


344.0 
37.7 
19.4 


92.6 

13.0 

1.4 


21.4 
11.3 


45.1 
27.9 


52.8 
24.4 


344.9 
154.6 


626.4 
276.1 


194.6 
80.1 


440.0 
189.9 


362.3 
154.9 


104.2 
49.2 


10.1 

— 


17.2 


28.4 


190.3 


350.3 


114.6 


250.0 
9.8 


207.4 
1.7 


55.0 


10.1 


17.2 


28.4 


190.3 


350.3 


114.6 


259.8 


209.1 


55.0 



1,962.3 
340.1 

110.7 

2,191.7 

968.4 

1,223.3 
11.6 

1,234.9 



1948 



Cash Income 

Income in kind 
Inventory Changes. 



Gross Income 

Operating' and Depreciation . 

Net Income (ex. supp. pay.) 
Supplementary Payments 
Net Income of 

Farm Operators. . . . 



22.5 
5.2 

.2 


36.6 
14.6 

1.7 


44.9 
16.5 

1.8 


352.2 

89.7 
6.5 


668.4 

110.5 

20.9 


242.9 

26.5 

1.9 


520.6 
53.6 

13.4 


449.0 
40.8 
20.2 


101.1 

13.9 

2.2 


27.5 
13.2 


49.5 
28.8 


59.6 
25.8 


435.3 

175.8 


757.9 
310.7 


271.3 
85.8 


560.8 
196.7 


469.6 
175.5 


112.9 
71.3 


14.3 


20.7 


33.8 


259.5 


447.3 


185.5 
.5 


364.1 
16.7 


294.1 
3.5 


41.6 


14.3 


20.7 


33.8 


259.5 


447.3 


186.0 


380.8 


297.6 


41.6 



2,449.9 (2) 
371.4 
65.1 

2,756.1 

1,083.6 

1,672.6 
20.7 

1,693.3 



(1) Includes estimated rental value of farm homes and supplementary payments made under the provision of the Prairie Farm Assistance Act. 

(2) Cash income for Canada includes some coarse grain equalization payments not included in provincial totals. 



69 



APRIL 1949 



Thousands of Tons 



XV— STEAM RAILWAYS 
REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS*" 

Dominion Bureau of Statistics 





Farm Products an 


d Foods 


Forest 




Non-Metallic Minerals 


Manu- 












Products 
and 


Metals 








factures 
and 






Grains 


Livestock 


All 


Coal 


Petroleum 


All (2) 


Total 




and their 
Products 


and 
Meats 


Other 


Paper 




and 
Coke 


and 
Gasoline 


Other 


cellaneous 




Calendar Years 




















1929 


18,767 


2,278 


5,374 


19,629 


7,116 


24,405 


4,028 


13,684 


19,906 


115,187 


1932 


16,389 


1,619 


3,803 


8,304 


2,093 


14,384 


2,457 


3,626 


8,132 


60,807 


1937 


10,371 


1,840 


5,185 


13,932 


9,132 


17,566 


2,675 


6,022 


15,272 


81,995 


1944 


32,573 


2,887 


8,628 


19,785 


15,968 


25,195 


14,466 


6,458 


28,884 


154,845 


1945 


33,043 


2,615 


8,958 


20,264 


14,165 


23,718 


9,403 


6,904 


27,881 


146,952 


1946 


25,688 


2,279 


8,963 


22,866 


13,163 


25,950 


5,800 


8,382 


25,437 


138,527 


1947 


27,273 


2,019 


8,570 


26,132 


17,771 


25,463 


6,997 


10,254 


28,227 


152,705 


1948 


23,213 


2,092 


7,923 


26,968 


20,319 


28,145 


7,190 


11,030 


27,847 


154,732 


12-mths ending 






















Jan. 1949 

Monthly 

1948— Jan. 


23,037 


2,041 


7,906 


26,629 


20,497 


28,108 


7,182 


11,025 


27,820 


154,246 


1,785 


200 


640 


2,252 


1,245 


2,303 


561 


430 


2,183 


11,600 


Feb. 


1,652 


150 


607 


2,506 


1,142 


2,045 


517 


440 


2,230 


11,288 


Mar. 


1,654 


162 


628 


2,917 


1,415 


2,696 


563 


590 


2,616 


13,243 


Apr. 


1,575 


149 


666 


2,164 


1,625 


2,152 


554 


752 


2,543 


12,180 


May 


1,471 


140 


549 


2,028 


1,896 


2,149 


601 


946 


2,460 


12,239 


June 


1,496 


145 


507 


2,304 


1,857 


2,145 


668 


1,200 


2,241 


12,563 


July 


1,509 


130 


528 


2,444 


1,776 


2,103 


646 


1,303 


2,151 


12,590 


Aug. 


1,590 


156 


518 


2,304 


1,899 


2,310 


676 


1,319 


2,151 


12,924 


Sept. 


2,704 


199 


670 


2,136 


1,903 


2,585 


657 


1,268 


2,200 


14,322 


Oct. 


2,827 


225 


902 


2,057 


2,027 


2,640 


644 


1,214 


2,337 


14,873 


Nov. 


2,813 


239 


964 


1,982 


1,973 


2,582 


580 


972 


2,460 


14,565 


Dec. 


2,137 


198 


744 


1,874 


1,561 


2,435 


523 


597 


2,275 


12,345 


1949— Jan. 


1,609 


148 


621 


1,913 


1,422 


2,267 


553 


423 


2,157 


11,114 



(1) Carried in Canada. (2) Sand and Gravel, Cement. Lime and Plaster, Stone, Slate, Clay, Asphalt, Salt. 



REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS 

MILLIONS OF SHORT TONS MILLIONS OF SHORT TONS 




1929 30 31 32 33 34 35 36 37 38 39 40 

(1) Carried in Canada. (2) Running 12-month totals in 1944-49 inclusive. 



42 43 44 45 46 47 48 49 



*. 



APRIL 1949 



70 



Millions of Dollars 



XVI— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTSt 





TOTAL EXPORTS (EXCLUDING GOLD) TO 




U.S.A. 


U.K. 


U.K. 
Dependen- 
cies 
(1) 


Union 

of 
South 
Africa 


Other 

British 

Countries 

(2) 


Western 

Europe & 

Colonies 

(3) 


Central 

and 

South 

America 


All 

Other 

(4) 


Total 

All 

Countries 


Calendar Years 

1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 

Mar. 1949 


1,548 


673 


89 


84 


136 


292 


128 


156 


3,105 


Monthly 

1947-Dec. 


107.8 


61.6 


9.7 


3.4 


13.9 


33.5 


12.4 


15.7 


258.0 


1948- J an. 


106.8 


71.8 


10.3 


4.2 


5.5 


24.3 


8.0 


14.3 


245.2 


Feb. 


96.4 


61.5 


5.6 


3.2 


7.1 


22.0 


9.7 


12.3 


217.8 


Mar. 


114.0 


61.8 


8.1 


4.4 


5.4 


17.4 


9.0 


11.2 


231.3 


Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949- J an. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.7 


Mar. (5) 


123.4 


44.6 


7.7 


4.9 


13.2 


11.1 


10.1 


10.7 


225.8 



Net 
Non- 
Monetary 
Gold 
Exports 



96 
99 

119 

123 

11.0 
9.6 
8.9 
8.7 
9.5 
8.8 
9.6 

10.8 
9.7 

11.9 
9.6 
9.1 

12.9 
9.7 
9.6 

12.1 



Millions of Dollars 



MERCHANDISE IMPORTS* 

























Excess of 








TOTAL IMPORTS (EXCLUDING GOLD) FROM 








Merch- 
andise 






























U.K. 


Union 


Other 


Western 


Central 


All 


Total 




over 




U.S.A. 


U. K. 


Dependen- 


of 


British 


Europe & 


and 




All 










* 


cies 

(1) 


South 
Africa 


Countries 

(2) 


Colonies 
(3) 


South 
America 


(4) 


Countries 




andise 
Imports 


Calendar Years 






















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 




514 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 




225 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 




488 


12-Mths. ending 
























Feb. 1949 


1 ,833 


308 


109 


4 


84 


81 


221 


38 


2,678 




432 


Monthly 
























1947-Dec 


141.7 


19.4 


8.1 


.4 


6.1 


4.1 


11.6 


1.8 


193.3 




64.8 


1948-Jan. 


150.0 


21.5 


4.8 


.2 


7.0 


3.7 


15.5 


3.2 


206.0 




39.2 


Feb. 


136.8 


17.8 


3.4 


.2 


4.0 


4.0 


14.1 


1.7 


182.1 




35.7 


Mar. 


138.3 


21.6 


5.6 


.3 


4.8 


5.3 


19.1 


2.0 


197.0 




34.3 


Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 




4.1 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 




. 63.7 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 




4.9 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 




26.6 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 




19.3 


Sept. 


152.7 


24 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 




68.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 




56.2 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 




57.8 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 




85.6 


1949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 




16.7 


Feb. (5) 


148.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 




2.8 



Includes exports of foreign produce. In the case of wheat, export figures (1) 

are based on Board of Grain Commissioners rather than Customs data. (2) 
Imports from the United Kingdom do not include articles imported for 

the use of the armed forces of the United Kingdom. In the years 1946 and (3) 

1947 articles admitted free under Order in Council (9213) and the item '4) 

"Canadian Goods Returned" (9195) are excluded. (S) 



Excludes Newfoundland. 

Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Newfoundland, Egypt, Spain and Palestine. 

Preliminary. 



71 
















• 






APRIL 


1949 




















XVII 


—MERCHANDISE IMPORT! 


m 




















Compiled from "Trade o 


/ Canad p® 




Millions of Dollars 






















(Exc 










Grains 














Hides 


Othe: 








Fruits 




and 


Sugar 


Tea 


Alcoholic 


Vegetable 


Rubber 




and 


Vegetal 






Calendar 


and 


Vegetables 


Milled 


and 


and 


Beverages 


Oils 


(incl. syn- 


Furs 


Leather 


and 






Years 


Nuts 




Products 
(incl. rice) 


Products 


Coffee 


en 


(non- 
edible) 


thetic) 




(unmfd. 
and mfd.) 


Aninn 
Produc 


• 




1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 


64 






1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 


20 






1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 


27 






1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 


58 






1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


76 






1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


S3 






12 Mths. ending 




























Feb. 1949 


90 


9 


28 


74 


.42 


16 


20 


33 


24 


18 


85 






Monthly 




























1947— Dec. 


6.5 


.7 


4.2 


5.3 


3.7 


1.8 


.8 


2.8 


2.1 


1.8 


4.3 






1948— Jan. 


6.3 


.3 


2.7 


2.4 


4.4 


1.4 


1.4 


3.3 


3.4 


1.9 


5.2 






Feb. 


5.3 


.6 


2.8 


2.6 


3.5 


1.0 


1.5 


1.4 


3.8 


2.2 


5.1 






Mar. 


6.1 


.6 


2.9 


4.1 


2.1 


1.0 


1.7 


2.8 


1.7 


1.3 


6.9 






Apr. 


7.5 


1.4 


1.7 


6.1 


2.4 


.9 


1.9 


3.1 


1.5 


1.5 


(5.4 






May 


8.5 


1.1 


2.3 


7.7 


2.7 


.9 


3.2 


2.0 


2.1 


1.4 


5.S 






June 


7.3 


1.1 


2.1 


7.0 


5.2 


1.1 


2.2 


3.0 


1.2 


1.3 


0.4 






July 


7.3 


.5 


1.3 


6.4 


3.2 


1.0 


1.0 


2.3 


1.1 


1.4 


8.4 






Aug. 


6.0 


.1 


1.2 


7.7 


3.8 


1.1 


.9 


2.7 


.6 


1.7 


5.8 






Sept. 


8.0 


.1 


1.4 


7.2 


3.6 


1.1 


.8 


2.3 


2.0 


1.3 


5.1 






Oct. 


7.4 


- 


1.7 


8.4 


3.4 


1.5 


2.8 


3.5 


2.3 


1.7 


0.2 






Nov. 


10.7 


.8 


5.3 


6.3 


3.7 


2.2 


.8 


2.4 


1.9 


1.5 


8.0 






Dec. 


10.2 


.9 


5.1 


5.7 


3.7 


2.6 


.7 


2.8 


2.9 


1.6 


13.8 






1949— Jan. 


6.5 


1.0 


1.5 


2.1 


4.8 


1.7 


1.5 


3.0 


3.7 


2.0 


0.8 






Feb. 


5.1 


1.7 


.9 


4.9 


3.2 


1.5 


2.2 


2.9 


3.1 


1.9 


5.5 








Chemicals 




Pigs, Ingots 


Bars and 


Sheets, 


Structural 


Castings 


Engines, 


Farm 


Machinery 


Moto; 






Calendar 


and 


Iron 


Blooms 


Rods incl. 


Plates, 


Iron and 


and 


Loco- 


Implements 


(except 


Vehich 


i 




Years 


Allied 


Ore 


and 


Rails 


Hoop, Band 


Steel 


Forgings 


motives 


and 


agri- 


and 








Products 




Billets 




and Strip 






and Boilers 


Machinery 


cultural) 


Parts 






1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


85 






1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


. 16 


13 






1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 






1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


106 






1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


178 






1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


132 






12 Mths. ending 




























Feb. 1949 


121 


16 


6 


13 


59 


18 


10 


51 


148 


210 


137 






Monthly 




























1947— Dec. 


8.6 


.4 


.3 


.9 


4.6 


2.0 


.6 


4.0 


8.5 


17.8 


10.1 






1948— Jan. 


9.6 


.1 


.4 


1.2 


3.9 


1.7 


.7 


5.4 


9.1 


21.4 


10.5 






Feb. 


8.5 


- 


.4 


.9 


3.6 


1.2 


.6 


4.6 


10.9 


20.6 


8.6 






Mar. 


10.3 


- 


.3 


.9 


4.1 


2.0 


.9 


4.4 


10.5 


17.9 


9.7 






Apr. 


10.9 


.1 


.5 


.9 


4.4 


1.9 


.7 


4.3 


15.0 


20.1 


10.7 : 






May 


10.0 


1.4 


.3 


.8 


4.6 


1.7 


.8 


4.6 


11.7 


18.8 


11.1.1 






June- 


9.4 


2.4 


.5 


1.0 


4.8 


1.8 


1.0 


3.8 


13.5 


19.4 


10.3 






July 


10.2 


2.4 


.4 


.8 


3.9 


1.2 


1.0 


3.5 


11.6 


18.0 


11.2 






Aug. 


8.9 


2.5 


.6 


.8 


3.9 


1.0 


.8 


3.0 


10.3 


13.5 


10.5 






Sept. 


8.9 


2.5 


.6 


.9 


4.9 


1.1 


.8 


3.5 


11.6 


14.9 


12.6 






Oct. 


10.8 


1.4 


.6 


1.2 


5.0 


1.2 


.8 


4.3 


12.0 


17.4 


14.4 






Nov. 


10.6 


2.2 


.4 


1.3 


5.5 


1.5 


.9 


5.2 


11.2 


17.2 


12.3 






Dec. 


10.3 


.6 


.7 


1.2 


5.6 


1.6 


.6 


3.7 


12.7 


17.8 


10.21 






1949— Jan. 


10.9 


.2 


.7 


1.4 


6.6 


1.3 


1.0 


6.5 


13.7 


18.8 


ll.ci 






Feb. 


9.6 


— 


.9 


1.5 


6.2 


1.5 


1.1 


4.6 


13.8 


16.3 


12.1 





(1) Before 19.55 import totals are substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country. 
in Council (9213) and the item "Canadian Goods Returned" (9195) are excluded. 



t Imports from 



APRIL 1949 



72 



OMMODITY CLASSIFICATION 

ominion Bureau of Statistics 
Gold) 



Millions of Dollars 



Cotton 




Wool 




















Silk 

(raw and 






Artificial 


Flax, Hemp 


Other 


Paper 


Books and 
Printed 


Other Wood 
and Wood 












Calendar 


.w and 




mfd.) 


Raw and 




Silk 


and Jute 


Textiles 




Matter 


Products 


Years 


nmfd. 


Mfd. 




Unmfd. 


Mfd. 
















28 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 


8 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 


21 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


45 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 


61 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


57 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 

12 Mths. ending 


59 


84 


4 


47 


69 


33 


27 


40 


18 


31 


26 


Feb. 1949 

Monthly 


6.7 


5.6 


.4 


2.7 


4.8 


2.3 


2.2 


4.1 


1.4 


2.4 


1.5 


Dec-1947 


8.2 


5.9 


.3 


2.8 


5.7 


2.4 


2.5 


3.7 


1.2 


2.5 


1.7 


Jan.— 1948 


3.2 


5.3 


.4 


2.9 


4.8 


1.8 


1.7 


2.1 


1.3 


2.6 


1.9 


Feb. 


5.1 


5.8 


.3 


3.2 


5.2 


2.5 


2.6 


3.8 


1.6 


2.5 


2.2 


Mar. 


7.0 


7.1 


.4 


5.3 


5.8 


2.5 


.8 


4.1 


1.7 


2.8 


3.3 


Apr. 


5.7 


6.8 


.4 


5.3 


6.4 


2.5 


4.1 


3.0 


1.6 


2.6 


2.3 


May 


3.3 


7.0 


.3 


4.2 


5.9 


2.2 


4.0 


2.8 


1.6 


2.5 


2.0 


June 


3.6 


7.3 


.3 


5.0 


6.1 


2.5 


1.4 


3.7 


1.3 


2.5 


1.7 


July 


1.7 


5.9 


.3 


4.8 


5.5 


2.3 


1.4 


3.1 


1.3 


2.3 


2.0 


Aug. 


2.7 


5.7 


.2 


4.1 


5.2 


2.3 


1.8 


3.4 


1.3 


2.5 


1.9 


Sept. 


1.1 


7.7 


.4 


3.7 


5.4 


2.7 


2.6 


4.0 


1.5 


3.0 


1.9 


Oct. 


5.6 


7.6 


.3 


3.1 


6.0 


3.1 


2.8 


3.2 


1.5 


2.9 


1.9 


Nov. 


>.o 


6.2 


.3 


3.3 


5.2 


2.7 


1.8 


2.7 


1.4 


2.6 


2.4 


Dec. 


,7.5 


8.9 


.6 


2.3 


6.2 


3.7 


2.6 


3.2 


1.6 


2.5 


2.1 


Jan.— 1949 


3.9 




8.0 


.5 


2.5 


6.2 


3.6 


.9 


2.7 


2.7 


2.5 


2.4 


Feb. 




1 r'ther 




Tin 




Other 


Coal 


Petroleum 




Other 


All 


Totalf 




ron 


Bauxite 


and 


Electrical 


Non-ferrous 


and 


and 


Glass 


Non- 


Other 


Calendar 


, ind 


Ore 


Products 


Apparatus 


Metals 


Products 


Products 




metallic 


Imports 


Imports 


Years 


1 Iteel 
















Minerals 








60 


3 


3 


37 


48 


64 


77 


n 


35 


75 


1,299 


1929 


14 


2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1982 


33 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


89 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


.27 


9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 


-28 


10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 

12 Mths. ending 


30 


10 


10 


02 


79 


202 


303 


26 


73 


116 


2,678 


Feb. 1949 

Monthly 


3.8 


.9 


- 


5.0 


5.2 


13.1 


18.4 


1.7 


4.4 


9.1 


193.3 


Dec-1947 


1.1 


.2 


— 


5.7 


5.4 


14.3 


18.7 


2.1 


5.1 


9.8 


206.0 


Jan.— 1948 


3.7 


.3 


.3 


5.1 


4.4 


14.8 


15.2 


1.7 


4.4 


8.5 


182.1 


Feb. 


3.2 


.2 


.8 


5.2 


6.2 


14.1 


16.6 


2.1 


4.6 


9.8 


197.0 


Mar. 


1.7 


.5 


.5 


6.2 


6.9 


13.2 


24.1 


2.5 


5.6 


10.6 


226.6 


Apr. 


).5 


1.2 


.4 


6.1 


7.3 


12.5 


23.4 


2.9 


6.7 


9.8 


225.1 


May 


3.8 


1.1 


•7 


6.3 


5.8 


17.8 


30.7 


2.5 


6.7 


8.8 


233.0 


June 


1.7 


1.4 


A 


4.9 


5.7 


17.7 


32.5 


2.1 


6.5 


10.2 


225.1 


July 


r.5 


1.4 


.9 


3.5 


5.8 


20.1 


33.0 


1.7 


6.4 


8.4 


206.4 


Aug. 


).3 


1.0 


.7 


4.1 


5.3 


24.4 


33.0 


1.9 


6.7 


8.8 


221.6 


Sept. 


1.3 


1.2 


1.4 


4.7 


7.4 


21.3 


.31.7 


2.2 


7.5 


9.7 


243.4 


Oct. 


>.9 


1.0 


.2 


5.1 


8.7 


19.3 


20.6 


2.4 


6.9 


10.2 


238.1 


Nov. 


>.o 


.4 


1.6 


5.2 


6.9 


16.7 


21.7 


1.9 


5.8 


9.9 


231.9 


Dec. 


L.6 


.3 


.3 


5.5 


6.7 


13.6 


19.7 


1.9 


4.9 


10.5 


223.7 


Jan.— 1949 


.4 


.2 


2.2 


5.4 


6.5 


10.9 


15. S 


1.9 


5.0 


9.5 


206.0 


Feb. 



1 i '1 Kingdom do not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order 



■TATISTICAL SUMMARY 

BANK OF CANADA 

Tables Charts Pages 



I Bank of Canada : 

Liabilities and Assets 73-74 

Chartered Banks: Canadian Deposits 73 

Chartered Banks: Canadian Deposits, Loans and 

Government of Canada and Provincial Securities .... 74 

II Chartered Banks: 

Liabilities and Assets 75-76 

III Money Supply and Related Bank Assets 75-76 

IV Security Prices: 

Government Securities Payable in Canada only 77 

Yields of Government of Canada Bonds, Payable in Canada only . 77 

Government Securities, Canada, U.K. and U.S. A 78 

Yields of Government Bonds, Canada, U.K. and U.S.A. ... 78 

V Profit Statistics for 419 Companies: 1937-48 79 

Profit Statistics for 41 9 Companies 80 

VI Business Activity 80 

VII Retail Merchandise Trade 81-82 

Retail Merchandise Trade 82 

VIII Wholesale Prices 83 

Wholesale Prices: Raw Materials and Manufactures .... 83 

IX Cost of Living 84 

Cost of Living: Canada and U.S. A 84 

X Employment Indexes 85 

Employment, Payrolls and Earnings in Industry 85 

XI Employment and Payrolls by Industries 86 

XII Exports and Imports by Countries 87 

Exports and Imports by Countries 88 

XIII Merchandise Exports: Commodity Classification 89-90 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 

MAY 1949 



73 















- 




MAY 1949 


JIAI 


Millions of Dollars 


















[— BAJ 


CAN 




LIABILITIES 






Chartered Bank Cash 


Govt, of 
Canada 


Other 
Deposits 


Foreign 
Currency 


Active 
B. of C. 

Note 
Circulation 


All 
Other 


Tota 
Liabili ■., 




Notes 
in Tills 


Deposits 






at 
B. of C. 


Total 


Deposits 


Deposits"' 


Accounts 


or 
Asse 




Average of 






















Month-end Figures 






















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


29C 


51.- 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


373 


1 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44i 


1 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,48C 




1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,84C 




1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,89J 




1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1.91S 




1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,972 




End of 

1947— Nov. 


148.2 


536.7 


684.9 


84.2 


62.0 


1.4 


1,034.1 


41.5 


1,908 




Dec. 


183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,926 




1948— Jan. 


147.2 


538.3 


685.5 


44.6 


60.6 


- 


1,010.3 


41.6 


1,842 




Feb. 


135.7 


531.8 


667.5 


60.8 


75.0 


.6 


1,020.6 


23.4 


1,84: 




Mar. 


166.9 


519.2 


686.1 


42.2 


86.7 


.1 


1,013.9 


25.8 


1,854 




Apr. 


140.5 


558.9 


699.4 


57.9 


126.0 


.2 


1,042.5 


26.7 


1,952 




1948— Nov. 


190.2 


579.6 


769.8 


86.5 


64.1 


.1 


1,083.3 


59.2 


2,06; 




Dec. 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,05* 




1949— Jan. 


182.2 


545.1 


727.3 


141.8 


86.8 


- 


1,047.0 


42.5 


2,04! 




Feb. 


167.4 


531.0 


698.4 


178.4 


79.6 


.4 


1,054.5 


25.3 


2,03( 




Mar. 


165.8 


540.3 


706.1 


62.6 


84.8 


87.3 


1,079.5 


31.7 


2,05: 




Apr. 


161.7 


587.3 


749.0 


115.1 


80.8 


66.1 


1,103.0 


26.9 


2,14( 





(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. -fcMay 194 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the F( 



CHARTERED BANKS : CANADIAN DEPOSITS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4000 



3000 



2000 



1000 




4000 



3000 



2000 



1000 



DMJSDMJSDMJSDMJS 
1941 1942 1943 1944 



DMJ SDMJSDMJ SDMJ S 
1945 1946 1947 1948 



D M J S D 

1949 



* Chiefly Government of Canada, Provincial Governments and Foreign Banks. 



tt 



. 



74 



f <JAIN 


AUA 


















Millions of Dollars 


ASSETS 




i 
Gold 


Silver 


Foreign <u 
Currencies 


Securities 


Advances 


All 

Other 

Accounts 




Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 




Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


151.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


.82.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


10.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


• 




• 


• 


• 






• 








- 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


1 - 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


- 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


! - 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 


;- 


— 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


— 


26.7 


1948 

End of 


i 
i — 


- 


1.4 


1,039.9 


820.6 


25.0 


- 


1,885.5 


- 


21.2 


Nov.— 1947 


i - 


- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


- 


18.7 


Dec. 


- 


- 


- 


931.3 


863.2 


25.0 


- 


1,819.5 


- 


23.2 


Jan. — 1948 


\ - 


- 


.8 


974.4 


825.7 


25.0 


- 


1,825.1 


- 


22.0 


Feb. 


i- 


- 


.3 


985.2 


806.7 


25.0 


- 


1,817.0 


- 


37.6 


Mar. 


i- 


- 


.3 


1,124.1 


767.8 


25.0 


- 


1,916.9 


- 


35.4 


Apr. 


i — 


- 


.1 


1,222.1 


794.0 


25.0 


- 


2,041.1 


— 


21.7 


Nov.-1948 


i - 


- 


.5 


1,233.7 


779.1 


25.0 


- 


2,037.7 


- 


20.4 


Dec. 


- 


- 


.1 


1,188.3 


806.9 


25.0 


- 


2,020.2 


- 


25.1 


Jan. — 1949 


- 


- 


.5 


1,180.5 


800.7 


25.0 


- 


2,006.2 


- 


29.8 


Feb. 


- 


- 


82.4 


1,087.1 


812.1 


25.0 


5.0 


1,929.1 


- 


40.4 


Mar. 


i- 


— 


61.1 


1,199.0 


822.9 


25.0 


5.0 


2,051.9 


_ 


27.8 


Apr. 



rquent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order, 
tnge Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 



Under 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS AND GOVT. OF CANADA 

AND PROVINCIAL SECURITIES 



MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 



7000 



5000 




7000 



5000 



3000 



1000 



DMJSDMJSDMJSDMJSDMJSDMJSDMJSDMJSDMJSD 
1941 1942 1943 1944 1945 1946 1947 1948 1949 



75 


















MAY 1949 


MAI 




II— CHAR! DBA 


Millions of Dollars 


Ban. 




■ 




LIABILITIES 


iSSEl 




Notes 


Deposits 


Cash 
in (3) 


Securities 


— 








Govt, of 


Canadian 




Total 


Govt, of Canada 


Foreign 
Govt. 








Demand 


Notice 


Canada 


Deposits 

(i) 


Foreign 


Deposits 

(2) 


Canada 


and Provincial 


Otl 










and Prov. 






Under2yrs. 


Over 2 yrs. 






Average of 


























Month-end figures 




























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


09 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


§ 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


23 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


27 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290 


42 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


54 


End of 

1947-Nov. 


18 


2,126 


3,710 


442 


6,337 


836 


7,279 


685 


690 


2,422 


282 


Vc 


Dec. 


18 


2,296 


3,740 


376 


6,473 


824 


7,406 


720 


731 


2,385 


271 


4c 


1948-Jan. 


18 


2,073 


3,824 


383 


6,339 


809 


7,255 


686 


837 


2,360 


263 


51 


Feb. 


18 


2,105 


3,881 


241 


6,281 


801 


7,203 


668 


820 


2,372 


264 


51 


Mar. 


18 


2,201 


3,927 


272 


6,458 


802 


7,378 


686 


835 


2,399 


260 


54 


Apr. 


18 


2,223 


3,951 


290 


6,525 


797 


7,431 


699 


829 


2,436 


264 


54 


i:i 


1948-Nov. 


16 


2,534 


4,086 


401 


7,090 


819 


8,005 


770 


927 


2,460 


242 


56 


I 


Dec. 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


922 


2,513 


242 


5f 


1949-Jan. 


16 


2,337 


4,118 


487 


6,999 


800 


7,885 


727 


932 


2,549 


238 


5f 


Feb. 


16 


2,289 


4,159 


508 


7,017 


799 


7,902 


698 


939 


2,587 


226 


57 


Mar. 


15 


2,281 


4,264 


382 


6,998 


787 


7,870 


706 


884 


2,616 


223 


56 


Apr.* 


15 


2,288 


4,339 


402 


7,103 


708 


7,898 


749 


812 


2,660 


233 


o( 


* As from April 1. 1949, statistics of Newfoundland Branches of Chartered Banks 


are included as Canada. (1) Estimated month-end deposits payable in Can 


i 


after that date: Bank of Canada Notes and Deposits. (4) Figures given are 


innual averages of estimated month-end Canadian deposits in 1926-35 and moi 


; 


1944, an approximate figure only. 








III— MONEY SUPPLY AJ 


LITE 


Ban 
Millions of Dollars MONEY SUPPLY 






Currency 
Outside Banks 


Bank Deposits 


Money 






Chartered Banks 


Bank of 
Canada 








Notes (1) 


Coin"' 


Total 


Demand' 3 ' 


Active 
Notice' 4 ' 


(J 

exc 
of 


ther< 5 ' 
1. Govt. 

Canada 


Total 


Deduct 
Floats 


Net 
Total 


"Other" 
Deposits 

(7) 


Total 


Si 


ipph 




As at Dec. 31 




























it Dsc 


1938 


207 


31 


238 


734 


187 




42 


963 


116 


847 


3 


850 


1,088 


I93S 


1940 


341 


38 


379 


1,031 


203 




112 


1,346 


172 


1,174 


10 


1,184 


1,563 


M 


1944 


930 


60 


990 


1,862 


363 




153 


2,378 


243 


2,135 


28 


2,163 


3,153 


-: 


1945 


992 


63 


1,055 


2,063 


474 




172 


2,709 


280 


2,429 


30 


2,459 


3,514 


m 


1946 


1,031 


65 


1,096 


2,291 


614 




229 


3,134 


328 


2,806 


94 


2,900 


3,996 


m 


1947 


1,046 


66 


1,112 


2,296 


597 




233 


3,126 


362 


2,764 


68 


2,832 


3,944 


m 


1948 


1,115 


70 


1,185 


2,544 


649 




276 


3,469 


400 


3,069 


81 


3,150 


4,335 


M 


End of 




























':--■ 


1947-Nov. 


1,052 


66 


1,118 


2,126 


593 




217 


2,936 


251 


2,685 


62 


2,747 


3,865 


:.y 


Dec. 


1,046 


66 


1,112 


2,296 


597 




233 


3,126 


362 


2,764 


68 


2,832 


3,944 


De 


1948-Jan. 


1,028 


65 


1,093 


2,073 


609 




214 


2,896 


232 


2,664 


61 


2,725 


3,818 


Hi 


Feb. 


1,038 


66 


1,104 


2,105 


620 




220 


2,945 


230 


2,715 


75 


2,790 


3,894 


Fe 


Mar. 


1,032 


66 


1,098 


2,201 


629 




263 


3,093 


345 


2,748 


87 


2,835 


3,933 


' 


Apr. 


1,060 


66 


1,126 


2,223 


629 




281 


3,133 


333 


2,800 


126 


2,926 


4,052 




1948-Nov. 


1,100 


69 


1,169 


2,534 


651 




271 


3,456 


362 


3,094 


64 


3,158 


4,327 


is 


Dec. 


1,115 


70 


1,185 


2,544 


649 




276 


3,469 


400 


3,069 


81 


3,150 


4,335 




1949-Jan. 


1,063 


68 


1,131 


2,337 


634 




266 


3,237 


293 


2,944 


87 


3,031 


4,162 


Ha 


Feb. 


1,070 


69 


1,139 


2,289 


640 




260 


3,189 


317 


2,872 


80 


2,952 


4,091 


Feb 


Mar. 


1,095 


69 


1,164 


2,281 


659 




287 


3,227 


335 


2,892 


85 


2,977 


4,141 




Apr.* 


1,118 


70 


1,188 


2,288 


671 




300 


3,259 


277 


2,982 


81 


3,063 


4,251 




* See note (*) above. 


(5) Chartered banks' Canadian dollar deposits of provincial government 


Wkd 


(1) Note Circulation of Bank of Canada and chartered banks, excluding 


Canadian, United Kingdom, and foreign banks. 




notes held by chartered banks. 


(6) Cheques on banks as shown in chartered bank month-end returns 


m :^ 


(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 


the Minister of Finance. 


mi 


and chartered banks in Canada. 


(7) Bank of Canada Other Deposits as shown on published month-ei 


'■' 


(3) Chartered banks' public demand deposits in Canada. 


statements — i.e. excluding Government of Canada, chartered ban 


fct. > 


(4) Chartered banks' public notice deposits in Canada other than estimated 


and foreign deposits. 


. 


aggregate quarterly minimum balances in personal savings accounts 


(8) Bank of Canada gold and foreign exchange holdings less the amount 


%Bl 


and non-personal notice deposits. 


foreign currency deposit liabilities. 


*^la 



MAY 1949 



76 



D BANKS 

nada 



Millions of Dollars 



ASSETS 




Loans 




'otal 


CANADA 


ABROAD 


Total 

Assets 


Call 


Current 

Public 


Current 
Other 


Call 


Current 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


,426 


107 


732 


117 


68 


165 


3,317 


,287 


132 


1,223 


44 


87 


155 


7,430 


,108 


104 


1,693 


54 


76 


198 


7,811 


,120 


81 


1,923 


75 


74 


234 


8,140 


,850 


92 


1,985 


80 


64 


222 


7,860 


,874 


105 


1,921 


78 


56 


234 


7,974 


,972 


77 


1,891 


62 


58 


236 


7,825 


,968 


70 


1,861 


72 


73 


224 


7,775 


,036 


65 


1,844 


77 


76 


222 


7,949 


,072 


76 


1,851 


79 


74 


221 


8,010 


,212 


96 


2,129 


72 


80 


250 


8,579 


,268 


101 


2,077 


71 


78 


240 


8,580 


,311 


90 


2,054 


77 


73 


244 


8,458 


,322 


108 


2,033 


86 


79 


247 


8,466 


,285 


81 


2,026 


103 


79 


239 


8,426 


267 


90 


2,093 


106 


85 


213 


8,452 



DAILY AVERAGE DATA 




Cash 
in ( 3) 
Canada 


Canadian 
Deposits 

(«> 


Percent 
of Cash to 
Canadian 

Deposits 


Total 
Active 
Note (s) 
Circulation 




191 


2,293 


8.3 


205 


Average of 
Daily Figures 

1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


677 


6,291 


10.8 


1,031 


Nov. -1947 


680 


6,291 


10.8 


1,040 


Dec. 


738 


6,377 


11.6 


1,006 


Jan.-1948 


690 


6,299 


11.0 


1,008 


Feb. 


682 


6,251 


10.9 


1,023 


Mar. 


712 


6,375 


11.2 


1,029 


Apr. 


755 


6,940 


10.9 


1,099 


Nov.-1948 


723 


6,966 


10.4 


1,105 


Dec. 


748 


6,997 


10.7 


1,062 


Jan.- 1949 


719 


6,939 


10.4 


1,055 


Feb. 


707 


6,850 


10.3 


1,075 


Mar. 


706 


7,064 


10.0 


1 ,094 


Apr.* 



;ncy. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; 

ge Canadian deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 



Alated bank assets 

iada 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 



Government of Canada Securities, Gold and Exchange 



Bank of (8) 
Canada 
Gold and 
Exchange 



Banking*" 
Securities 



Other Govt. Securities 



Bonds"" 



Victory'") 

Loan 
Advances 



Total 



Total 



Deduct 

Govt. 

Deposits 



Net 
Total 



All other 
Loans 
and 
Invest- 
ments 

(13) 



Deduct 

Inactive 

Notice 

Deposits 

(14) 



Total 

Related 

Bank 

Assets 



As at Dec. 31 
1938 

1940 
1944 
1945 
1946 
; 1947 
1948 

End of 

947-Nov. 

Dec 
,948-Jan. 

Feb. 

Mar. 

Apr. 



214 
38 



II 

948-Nov. 

Dec. 
949-Jan. 

Feb. 

Mar. 

Apr.* 



196 
743 
2,321 
1,696 
1,476 
811 
1,138 

775 
811 
832 
882 
1,068 
1,158 

1,145 
1,138 
1,094 
1,099 
992 
1,041 



753 
737 
2,006 
3,241 
3,745 
3,718 
3,834 

3,733 

3,718 
3,706 
3,655 
3,512 
3,558 

3,788 
3,834 
3,919 
3,944 
3,998 
4,048 



271 
411 



753 
737 

2,277 
3,652 
3,745 
3,718 
3,834 

3,733 

3,718 
3,706 
3,655 
3,512 
3,558 

3,788 
3,834 
3,919 
3,944 
3,998 
4,048 



1,163 
1,518 
4,598 
5,348 
5,221 
4,529 
4,972 

4,508 
4,529 
4,538 
4,537 
4,580 
4,716 

4,933 
4,972 
5,013 
5,043 
4,990 
5,089 



79 
32 
720 
1,002 
366 
272 
320 

368 
272 
272 
137 
111 
128 

286 
320 
420 
487 
229 
292 



1,084 
1,486 
3,878 
4,346 
4,855 
4,257 
4,652 

4,140 
4,257 
4,266 
4,400 
4,469 
4,588 

4,647 
4,652 
4,593 
4,556 
4,761 
4,797 



1,628 
1,720 
1,593 
1,827 
2,297 
3,084 
3,341 

3,103 

3,084 
3,020 
2,995 
3,000 
3,015 

3,375 
3,341 
3,302 
3,286 
3,206 
3,282 



1,472 
1,438 
2,060 
2,391 
2,856 
3,143 
3,408 

3,117 
3,143 
3,215 
3,261 
3,298 
3,322 

3,435 
3,408 
3,484 
3,520 
3,605 
3,668 



1,240 
1,768 
3,411 
3,782 
4,296 
4,198 
4,585 

4,126 
4,198 
4,071 
4,134 
4,171 
4,281 

4,587 
4,585 
4,411 
4,322 
4,362 
4,411 



9) Bank of Canada and Chartered bank holdings of Government of Canada 
Treasury Bills, Deposit Certificates, Treasury notes and any other 
short term issues sold direct to Bank of Canada and chartered banks. 

0) Bank of Canada and chartered bank holdings of Government of Canada 
direct and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 

1) Chartered banks' temporary advances to the public in connection 
with the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



77 



MAY 1949 



U' 



IV— SECURITY PRICES 

Bank of Canada 







Government of Canada Bonds Payable in Canada Only 

Based on Middle of the Market quotations 




Average of Business Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 

2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 




Annual Average 

1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 




1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 




1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 




1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 




1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 




1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 




1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 




Monthly 

1948— May 


99.41 


3.02 


2.92 


2.69 


2.30 


1.38 




June 


99.34 


3.02 


2.96 


2.72 


2.32 


1.47 




July 


99.41 


3.02 


2.94 


2.68 


2.26 


1.44 




Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 




Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 




Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 




Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 




Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 




1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 




Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 




Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 




Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 




May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 



YIELDS OF GOVERNMENT OF CANADA BONDS : 1936-49 

PAYABLE IN CANADA ONLY 

Quotations for Jsl and 1 5th of each month 



22% 




2.6% 



3 0% 



34% 



38% 



\\\ 



■ ■■) 






lit 



ui 



ijh 



3.8% 



1936 1837 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 

(1) Prior to 1940 figure? are for the 1st of month. (2) 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. (3) May 15. 



MAY 1949 



78 



IV— SECURITY PRICES 

Bank of Canada 








Government Bonds 


3 Mon 


th Treasury Bills 






Average of B 


usiness Days 




Tender Rate Nearest 15th of Month 




Canada"' 


U. 


K.o> 


U.S.A. 0) 
























U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


Monthly 




















1948— Feb. 


101.85 


2.83 


101.00 


2.90 


101.03 


2.42 


.410 


.503 


.994 


Mar. 


100.27 


2.98 


101.30 


2.86 


101.10 


2.42 


.410 


.506 


.997 


Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


All 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


.411 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.523 


1.162 


Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 


May 


100.88 


2.91 


103.59 (4) 


2.59 w 


102.09 


2.33 


.500 


.523 


1.148 



(1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. (4) May 1-16. 



(3) U.S. Treasury 2}i% due Dec. 15, 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1948-49 

Daily Opening Quotations 



2.1% 



2.3% 



2.5% 



27% 



2.9% 



3.1% 



APR MAY JUNE JULY AUG. SEPT OCT NOV 

1948 

* Security is not eligible for commercial banks before Dec. 1, 1952. (1) May 16. 




2 1% 



23% 



2.5% 



2.7% 



29% 



3.1% 



MAR APR MAY JUNE 

1949 



79 



MAY 1949 



Millions of Dollars 



V— PROFIT STATISTICS FOR 419 COMPANIES*: 

Bank of Canada 
SUMMARY STATEMENT 



1937-48 



Fiscal Year Nearest to Calendar Year 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation) <l> 


399 


343 


398 


505 


623 


692 


660 


596 


577 


625 


794 


907 


Depreciation 


94 


91 


95 


114 


140 


163 


160 


135 


127 


126 


141 


167 


Investment and Other Non-Operating Income (Net) 


47 


45 


40 


35 


39 


33 


34 


36 


37 


38 


40 


43 


Bond Interest (incl. Exch. & Amortization of Disc.) . . 


42 


41 


40 


41 


40 


40 


39 


37 


36 


34 


31 


35 


Net Profit before Income & E.P. Tax Provision '. . 


310 


256 


303 


385, 


482 


522 


495 


460 


451 


503 


662 


748 


Income & E.P. Tax Provision {ex. Refundable Portion) 


53 


45 


59 


143 


222 


259 


248 


226 


217 


222 


273 


263 


Net Income to Stockholders <l)0> 


257 


211 


244 


242 


260 


263 


247 


234 


234 


281 


389 


485 






Net Income Paid out in Cash Dividends 


199 


206 


199 


198 


196 


184 
15 


178 
27 


175 
22 


172 
21 


214 
2 


253 


273 


Forced Saving (Refundable Portion of E.P. Tax). . 


10 


Other Undistributed Income 


58 


5 


45 


44 


64 


64 


42 


37 


41 


65 


136 


222 







NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Fiscal Year Nearest to Calendar Year 



Grain Mill Products. 

Food 

Beverages 

Tobacco 



Leather 

Rubber 

Primary Textiles. 
Misc. Textiles. . . 
Clothing 



Wood Products (incl. Logging) . 

Pulp and Paper 

Paper Products 

Printing and Publishing 



Iron, Steel and Products 

Machinery 

Electrical Machinery & Equipment 



Gold Mining 

Other Non-Ferrous Metals. 
Non-Metallic Minerals (ex. 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 



Fuels) 



Wholesale Trade and Service. 
Retail Trade and Service. . . . 

Electric Utilities 

Telephones 

Transportation and Storage. . 
Grain Elevators 



Total of 419 Companies 419 



Number 
of Com- 
panies 



7 
23 
11 

3 

8 

6 

17 

10 

15 

7 
18 
79 

5 

35 
38 
19 

23 

15 

15 

7 

8 

15 

9 

28 
17 
18 

5 
11 

7 



1937 



1.4 

5.7 
5.5 
7.0 

.4 
1.5 
2.6 
2.3 
1.0 

.6 
4.0 
1.7 

.3 

9.1 

10.7 

6.8 

35.5 

84.9 

4.1 

2.0 

33.1 

9.0 

.9 

2.1 

3.3 

13.2 

7.6 
.8 
.4 



1938 



256.7 



.2 
4.8 
4.9 
6.9 

.2 
2.2 
1.6 
1.7 

.2 

.2 
1.0 
1.5 

.2 

7.0 
9.9 
5.8 

37.9 

56.5 

4.5 

2.3 

30.7 

7.4 

.7 

1.4 
3.5 
12.7 
7.9 
1.1 
1.3 

211.2 



1939 


1940 


1941 


1942 

(3) 


1943 

(3) 


1944 

(3) 


1945 

(3) 


2.1 


2.2 


2.0 


2.0 


2.6 


2.8 


2.6 


8.9 


6.0 


6.1 


6.8 


6.3 


6.4 


5.7 


5.8 


4.8 


6.2 


7.1 


6.6 


7.9 


9.9 


7.2 


6.7 


6.4 


6.6 


6.6 


6.6 


6.8 


.3 


.3 


.2 


.5 


.4 


.7 


.5 


2.4 


2.2 


3.1 


4.8 


4.0 


3.5 


3.9 


3.8 


3.3 


4.2 


4.6 


3.9 


3.9 


4.2 


2.5 


2.2 


2.9 


3.0 


2.7 


2.7 


2.8 


1.2 


1.1 


1.3 


1.5 


1.4 


1.6 


1.7 


.8 


.5 


.6 


.8 


.5 


.5 


.7 


3.0 


11.4 


11.8 


9.3 


8.9 


10.7 


11.7 


1.7 


1.6 


2.0 


2.1 


1.9 


1.9 


1.9 


.4 


.3 


.4 


.4 


.3 


.3 


.4 


10.5 


10.0 


11.0 


12.6 


13.4 


12.1 


10.5 


7.8 


11.1 


15.9 


19.6 


17.1 


16.1 


15.1 


5.8 


6.2 


7.1 


8.3 


7.9 


8.9 


7.1 


37.6 


35.5 


32.3 


26.2 


21.5 


16.4 


14.3 


68.4 


67.6 


73.9 


72.8 


67.9 


58.3 


56.9 


4.8 


4.4 


4.9 


5.2 


4.0 


3.6 


4.6 


2.4 


2.1 


2.1 


2.2 


2.2 


2.1 


2.2 


27.2 


22.9 


21.4 


20.1 


22.0 


21.6 


22.9 


10.7 


9.5 


9.8 


8.7 


7.9 


8.5 


8.7 


1.1 


1.1 


1.1 


1.3 


1.1 


1.2 


1.3 


2.1 


1.8 


2.3 


2.8 


2.6 


2.4 


2.7 


3.9 


3.6 


4.3 


4.8 


5.1 


6.1 


7.0 


12.7 


13.1 


13.8 


15.7 


15.5 


14.9 


15.2 


8.0 


8.1 


9.7 


9.8 


9.2 


9.4 


10.1 


1.2 


1.7 


2.8 


2.6 


2.1 


2.1 


2.2 


.3 


.9 


.8 


.8 
263.0 


.9 


1.1 


.8 


244.0 


242.2 


260.4 


246.5 


234.3 


234.4 



1946 

(3) 



2.9 

6.5 

14.1 

7.0 

.7 
4.6 
4.8 
3.8 
2.5 

1.2 

26.9 

3.5 

.5 

9.9 

14.4 

6.6 

11.9 

68.3 

6.2 

2.2 

25.8 

10.5 

1.5 

4.2 
11.1 
16.9 
10.2 

1.0 
.8 

280.5 



1947 



3.9 

8.3 

16.9 

6.8 

.8 
9.6 
6.5 
4.5 
2.7 

3.6 

46.8 

5.2 

.5 

15.8 
28.1 
13.5 

10.5 

101.5 

7.7 

2.3 

30.2 

13.0 

2.1 

4.1 
11.9 
18.3 
11.6 

2.0 
.5 



389.2 



4.5 
10.5 

17.4 

7.7 

.5 

6.2 

10.0 

4.7 

2.5 

4.6 

62.1 

6.3 

.5 

24.3 
43.1 

15.8 

10.9 

131.9 

11.3 

3.3 
34.7 
15.6 

2.4 

5.9 
13.5 
17.9 
12.6 

3.3 



484.8 



* Compiled by Bank of Canada. Includes those companies covered in the 
tabulations on pages 191 and 192 of the November 1948 issue of the 
Statistical Summary for which 1948 statements had become available in 
time for publication. 
(1) For purposes of comparability any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and"general" reserves. Special inventory reserves (amount- 
ing to .3, -, 1.0, 3.8, 8.5, 4.4, 2.t, 3.5, -2.0, 2.1, 6.3, 9.8, in the years 1937- 



1948 respectively), whether shown by the company in operating expenses or 
as an adjustment to earned surplus, have been deducted in arriving at 
Net Operating Profit. 

(2) Includes deferred development and depletion provision amounting to 
8.8, 8.6, 8.3, 9.3, 9.2, 8.8, 7.6, 8.1, 7.8. 7.3, 7.6, 8.5, in the years 1937-1948 
respectively. 

(3) Including the refundable portion of the Excess Profits Tax. 



MAY 1949 



80 









VI- 


BUSINESS ACTIVITY 

Dominion Bureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Value 

of 

Department 

Store Sales 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations' 2 ' 


Index 
(i) 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Millions 
of Dollars 


Annual Totals'*' 

1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


_ 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 

Apr. 1949 


3,664* 


* 
135 


3,267 


5,105 


40,893 


395 


4,028 


827 


128.5 


206.8 


Monthly 

1947— Oct. 


258.8 


11.5 


256.5 


430.6 


3,297 


17.7 


388 


66.9 


127.6 


184.9 


Nov. 


252.2 


9.9 


255.4 


395.0 


3,227 


20.2 


356 


81.6 


129.5 


189.7 


Dec. 


274.7 


11.5 


249.8 


397.8 


3,389 


13.4 


321 


93.2 


130.7 


193.9 


1948— Jan. 


273.4 


10.8 


256.7 


399.8 


3,397 


15.0 


317 


45.1 


126.9 


178.3 


Feb. 


261.6 


9.7 


239.6 


369.4 


3,171 


15.1 


286 


45.9 


124.0 


185.7 


Mar. 


287.7 


10.5 


286.0 


416.2 


3,467 


20.5 


324 


64.5 


123.7 


189.3 


Apr. 


286.1 


13.2 


264.3 


418.2 


3,319 


33.2 


334 


65.3 


122.2 


184.8 


1948— Oct. 


306.9 


10.3 


281.9 


435.3 


3,538 


32.1 


388 


82.4 


133.1 


215.7 


Nov. 


311.3 


12.7 


278.0 


432.1 


3,388 


29.8 


370 


89.7 


133.3 


218.0 


Dec. 


327.0 


13.0 


280.4 


420.3 


3,415 


17.8 


316 


109.7 


133.8 


219.0 


1949— Jan. 


309.0 


11.2 


284.7 


420.6 


3,407 


30.3 


300 


49.1 


128.4 


204.5 


Feb. 


307.5 


10.9 


259.3 


406.9 


3,114 


19.2 


289 


50.1 


124.8 


207.6 


Mar. 


342.7 


12.6 


298.5 


455.8 


3,602 


19.9 


330 


69.1 


123.7 


207.5 


Apr. 






270.0 


442.4 


3,517 


36.4 


309 


75.0 


122.9 


206.4 



(1) Source: Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. (3) 8 Leading industries. 

First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. * 12-Months ending Mar. 1949. 



MILLIONS OF DOLLARS 

1000 



PROFIT STATISTICS FOR 419 COMPANIES 1937-48 

FISCAL YEAR NEAREST TO CALENDAR YEAR 



PERCENT 

100 




1937 38 39 40 41 42 43 44 45 46 47 48 



1937 38 39 40 41 42 43 44 45 46 47 48 



81 



MAY 1949 



Millions of Dollars 



VII— RETAIL MERCHANDISE TRADE* 

Dominion Bureau of Statistics 





Grocery 
& Comb- 
ination 
Stores 


Meat 
Stores 


Country 

General 

Stores 


Depart- 
ment 
Stores 


Variety 
Stores 


Motor 
Vehicle 
Dealers 


Garages 
& Filling 
Stations 


Men's 

Clothing 

Stores 


Family 

Clothing 

Stores 


Women's 

Clothing 

Stores 


Shoe 
Stores 


Annual Total 
























1941 


567 


80 


213 


378 


85 


360 


205 


80 


74 


71 


44 


1947 


1,056 


158 


417 


707 


136 


633 


344 


157 


145 


134 


86 


1948 


1,205 


166 


452 


805 


156 


707 


386 


168 


153 


159 


91 


12 mths. ending 
























Mar. 1949 


1,224 


170 


453 


817 


156 


703 


390 


167 


152 


161 


91 


Monthly 
























1947— July 


90.0 


12.4 


38.2 


44.3 


10.7 


55.4 


35.4 


10.9 


10.7 


9.9 


6.7 


Aug. 


93.5 


13.0 


38.4 


47.9 


10.3 


52.3 


35.4 


10.9 


10.4 


8.9 


6.8 


Sept. 


90.6 


13.3 


39.1 


67.3 


10.7 


60.3 


31.9 


13.2 


12.0 


11.0 


8.9 


Oct. 


95.1 


15.1 


38.6 


66.9 


11.6 


64.0 


32.2 


13.5 


13.9 


12.3 


7.4 


Nov. 


95.4 


13.7 


38.2 


81.6 


13.4 


57.5 


29.5 


16.7 


15.8 


12.9 


8.4 


Dec. 


101.0 


15.5 


40.5 


93.2 


24.0 


46.9 


27.6 


20.2 


18.9 


17.4 


10.5 


1948— Jan. 


91.7 


12.2 


28.7 


45.1 


8.2 


52.3 


24.6 


10.9 


9.0 


9.7 


4.9 


Feb. 


84.6 


11.3 


26.7 


45.9 


8.4 


40.1 


21.8 


10.1 


8.1 


8.1 


4.7 


Mar. 


92.1 


12.4 


31.4 


64.5 


11.3 


58.9 


25.7 


13.5 


11.4 


13.0 


6.9 


1948— July 


108.4 


14.1 


42.6 


48.3 


13.0 


61.5 


40.2 


12.3 


11.7 


12.3 


7.7 


Aug. 


99.9 


13.1 


40.7 


54.4 


11.1 


51.9 


38.3 


10.5 


10.3 


10.5 


6.3 


Sept. 


103.1 


14.2 


41.5 


70.7 


12.1 


62.9 


36.3 


13.0 


12.4 


13.5 


7.5 


Oct. 


109.7 


16.3 


43.0 


82.4 


14.3 


65.8 


36.4 


16.0 


16.2 


16.0 


7.9 


Nov. 


102.3 


14.6 


39.2 


89.7 


14.2 


64.5 


33.2 


16.2 


15.2 


14.2 


7.5 


Dec. 


116.5 


17.7 


43.7 


109.7 


27.6 


54.5 


29.5 


22.5 


20.4 


19.7 


12.3 


1949— Jan. 


94.1 


13.4 


28.5 


49.1 


8.8 


43.8 


25.6 


11.3 


9.4 


10.5 


5.3 


Feb. 


92.7 


12.8 


27.3 


50.1 


9.0 


37.9 


22.8 


9.2 


7.7 


9.0 


4.6 


Mar. 


101.2 


13.7 


31.9 


69.1 


10.6 


65.4 


27.4 


12.9 


10.5 


13.0 


6.3 





Hardware 


Lumber& 
Building 


Furniture 


Appliance 
& Radio 
Dealers 


Restau- 


Coal & 
Wood 
Dealers 


Drug 


Jewellery 


Tobacco 


All Other 


Total 

All 
Trades 




Stores 


Material 
Dealers 


Stores 


rants 


Stores 


Stores 


Stores 


Trades 


Annual Total 
























1941 


73 


80 


64 


46 


127 


99 


101 


38 


43 


609 


3,437 


1947 


158 


176 


130 


83 


257 


163 


171 


68 


93 


1,292 


6,563 


1948 


168 


215 


133 


93 


265 


184 


181 


70 


98 


1,422 


7,277 


12-mths. ending 
























Mar. 1949 


169 


219 


133 


93 


266 


181 


183 


70 


99 


1435 


7,335 


Monthly 
























1947— July 


14.3 


17.2 


10.8 


6.2 


24.3 


12.0 


13.9 


4.8 


7.8 


120.8 


556.5 


Aug. 


13.3 


17.2 


10.1 


6.3 


25.2 


11.9 


14.3 


5.2 


7.7 


128.8 


567.9 


Sept. 


14.0 


18.3 


11.2 


6.9 


22.8 


15.1 


14.1 


5.1 


7.6 


111.1 


584.5 


Oct. 


14.5 


19.4 


11.7 


7.8 


22.4 


15.8 


14.7 


5.3 


7.9 


116.5 


606.6 


Nov. 


14.2 


16.0 


11.8 


8.3 


21.4 


15.2 


14.0 


6.3 


7.9 


111.5 


609.6 


Dec. 


16.2 


12.4 


12.4 


10.1 


21.1 


17.1 


20.2 


15.7 


10.7 


132.3 


683.6 


1948— Jan. 


10.0 


11.1 


9.4 


7.0 


19.9 


19.0 


14.4 


4.0 


7.4 


91.3 


490.8 


Feb. 


8.7 


9.9 


8.6 


6.3 


19.0 


17.3 


13.6 


3.5 


7.2 


81.0 


444.7 


Mar. 


10.7 


12.3 


10.0 


7.6 


20.6 


15.9 


14.7 


4.4 


7.8 


102.0 


546.9 


1948— July 


15.2' 


20.8 


11.1 


7.1 


24.9 


13.1 


14.4 


5.0 


7.9 


139.0 


630.3 


Aug. 


13.8 


22.5 


10.5 


6.5 


24.5 


14.5 


14.5 


5.5 


7.8 


132.8 


599.8 


Sept. 


14.3 


21.6 


10. s 


7.8 


23.9 


17.1 


15.0 


5.4 


7.9 


127.7 


638.5 


Oct. 


16.1 


23.3 


12.7 


9.1 


23.5 


18.0 


15.6 


5.6 


8.4 


125.3 


681.6 


Nov. 


15.3 


20.5 


12.1 


8.6 


21.9 


15.9 


14.6 


5.9 


8.0 


116.7 


650.0 


Dec. 


17.4 


16.9 


12.1 


10.3 


21.4 


17.5 


21.2 


16.4 


11.6 


151.8 


770.5 


1949— Jan. 


10.5 


12.1 


8.8 


7.2 


20.1 


17.9 


14.6 


3.7 


7.6 


90.9 


493.4 


Feb. 


8.8 


11.8 


8.7 


6.4 


18.9 


17.0 


14.3 


3.5 


7.3 


89.6 


469.5 


Mar. 


11.0 


14.0 


10.5 


7.9 


21.2 


15.2 


15.6 


4.9 


8.1 


107.3 


577.7 



* The 1941-47 change in sales of sample stores within each category was applied to the 1941 sales of all stores within that category in order to arrive at 1947 
estimates. Monthly estimates for 1948 were obtained by applying the monthly percentage change, 1948 over 1947, to the 1947 estimate for the corresponding 
month. Estimates have not been adjusted for changes in number of stores since 1941. 






MAY 1949 

VII— RETAIL 

Millions of Dollars 



82 



MERCHANDISE TRADE : PROVINCIAL DISTRIBUTION 

Dominion Bureau of Statistics 





Mari- 
times 


Quebec 


Ontario 


Manitoba 


Saskat- 
chewan 


Alberta 


British 
Columbia 


Canada 


Annual Total 


















1941 


283 


819 


1,407 


211 


187 


221 


310 


3,437 


1947 


503 


1,547 


2,592 


401 


402 


455 


664 


6,563 


1948 


542 


1,697 


2,888 


440 


459 


519 


731 


7,277 


12-Mths. ending 


















Mar. 1949 


539 


1,702 


2,903 


449 


469 


537 


736 


7,335 


Monthly 


















1947— July 


43.1 


128.9 


218.4 


32.7 


36.7 


38.9 


57.9 


556.5 


Aug. 


44.4 


129.3 


220.5 


33.9 


40.5 


41.1 


58.3 


567.9 


Sept 


43.3 


137.6 


225.9 


37.6 


39.9 


41.7 


58.5 


584.5 


Oct. 


45.5 


144.0 


235.0 


39.2 


41.8 


42.4 


58.7 


606.6 


Nov. 


44.9 


142.1 


245.2 


38.5 


36.2 


43.1 


59.8 


609.6 


Dec. 


54.5 


161.4 


275.4 


40.3 


34.7 


44.9 


72.3 


683.6 


1948— Jan. 


36.9 


110.3 


205.1 


27.5 


25.8 


33.8 


51.4 


490.8 


Feb. 


34.2 


107.4 


182.9 


25.6 


20.9 


27.4 


46.5 


444.7 


Mar. 


41.5 


131.7 


222.1 


30.7 


27.7 


36.2 


57.0 


546.9 


1948— July 


47.5 


144.4 


248.8 


36.7 


44.9 


45.2 


62.8 


630.3 


Aug. 


45.7 


136.3 


231.6 


35.6 


42.5 


45.9 


62.3 


599.8 


Sept. 


44.8 


146.9 


248.5 


40.7 


47.5 


47.7 


62.5 


638.5 


Oct. 


47.6 


155.7 


265.9 


46.2 


49.4 


51.7 


65.1 


681.6 


Nov. 


47.3 


149.6 


253.0 


43.5 


41.4 


51.0 


64.2 


650.0 


Dec. 


58.7 


177.2 


315.9 


45.8 


40.1 


54.7 


78.0 


770.5 


1949— Jan. 


36.1 


113.8 


200.1 


29.1 


26.6 


37.1 


50.6 


493.4 


Feb. 


33.6 


108.4 


192.3 


28.2 


25.3 


34.2 


47.7 


469.5 


Mar. 


40.7 


131.5 


232.4 


35.0 


32.7 


44.0 


61.3 


577.7 



PERCENT 



VALUE OF DEPARTMENT STORE SALES : 1948-49 

PERCENTAGE INCREASE OVER SAME MONTH OF PREVIOUS YEAR 



PERCENT 



40 



30 



20 



10 



VALUE OF DEPT STORE SALES 
RETAIL PRICE INDEX 



$MM 



VALUE BY MONTHS: 1947-49 



tMM 




DJFMAMJJASOND 




40 



30 



20 



10 



JAN 



FEB. 



MAR 



APR 



JUNE JULY 
1948 



AUG. SEPT OCT 



NOV 



DEC 



JAN 



FEB MAR 
1949 



83 



MAY 1949 



VIII— WHOLESALE PRICES 

Index 1935-39 - 100 
CANADA U.K. 

Dominion Bureau of Statistics 1 " Board of Trade (1) 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mth«. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180.6 


162.7 


154.2 


167.4 


1948 


229.6 


215.9 


202.4 


184.0 


198.7 


Monthly 












1948-Mar. 


217.4 


203.7 


195.6 


179.6 


190.5 


Apr. 


222.1 


207.5 


198.0 


180.6 


192.6 


May 


228.4 


210.9 


199.7 


180.6 


194.6 


June 


239.1 


215.6 


205.7 


180.8 


197.0 


July 


240.0 


214.0 


205.3 


182.0 


197.1 


Aug. 


238.2 


224.9 


206.9 


188.2 


204.7 


Sept. 


236.2 


225.0 


206.6 


189.0 


205.2 


Oct. 


232.7 


226.7 


207.0 


189.0 


206.5 


Nov. 


232.4 


227.5 


206.9 


189.1 


207.1 


Dec. 


233.6 


226.3 


207.0 


189.2 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


186.6 


204.4 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


189.8 


218.7 


191.4 


220.8 


191.5 


222.0 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


221.1 


195.4 


228.1 



U.S.A. 

Bureau of Labor Statistics {3) 



Farm 


Raw 








Products 


Materials 


Foods 


fact u res 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.6 


244.7 


227.5 


219.7 


188.2 


200.2 


245.7 


228.5 


223.4 


190.3 


202.0 


248.8 


231.2 


224.3 


191.4 


203.3 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.4 


217.7 


205.9 


186.1 


196.5 


224.1 


215.9 


205.9 


184.7 


194.7 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926= 100. 

(2) Adjusted to 1935-39= 100 from base 1913 = 100 in 1929 and from base 1930= 100 thereafter. 

(3) Adjusted to 1935-39= 100 from base 1926= 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive to 
Aug. 1, 1945. 



WHOLESALE PRICES : RAW MATERIALS AND MANUFACTURES 



INDEX 1935-39=100 



INDEX 1935-39=100 




OT 



M 



J S D M J 

1945 1946 

(1; D.U.S. index "Raw and Partly Manufactured. 



M 



(2) 



J S D M J 

1947 1948 

D.U.S. index "Fully and chiefly Manufactured. 



J 
1949 



MAY 1949 



84 



Index 1935-39 = 100 



IX— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1947— Dec. 


178.7 


120.3 


159.3 


119.9 


154.9 


119.8 


146.0 


1948— Jan. 


182.2 


120.4 


161.2 


119.9 


158.4 


122.6 


148.3 


Feb. 


186.1 


120.1 


165.1 


119.9 


159.9 


122.8 


150.1 


Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 



'Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1,000-$1,600 most common. 



INDEX 1935-39 = 100 



COST OF LIVING : CANADA AND U.S.A. 

MONTHLY 



220 
200 

180 

160 

140 

120 

o" 






TOTAL 




















U S A ^ 


y^ 


V 








^ — CANADA 


k 












=1 [ | 


l 1 


1 1 1 


1 1 1 


1 1 I 



INDEX 1935-39=100 

220 




1945 1946 1947 1946 1949 1945 

(1) 1st of month figures, plotted at end of previous month; last figure May 1st. 



1946 1947 1948 1949 

(2) 15th of month figures; last figure April 15th. 



85 



MAY 1949 



X— EMPLOYMENT INDEXES* 



Unadjusted Index 1926 = 100 






Dominion Bureau of Statistics 














MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 






Foods 


Forest 

Industries 

(2) 


Textiles 


Machinery 
and 

Vehicles 


Other 

Iron and 

Steel 


Other 

Manufac- 

turing 

100.0 


Total 


Average of Months 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


112.0 


112.4 


107.2 


121.8 


130.3 


124.8 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


101.7 


70.5 


96.1 


62.5 


59.0 


91.1 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


125.3 


117.0 


125.6 


98.6 


115.9 


126.1 


153.2 


85.2 


99.5 


132.1 


114.1 


1944 


190.3 


146.9 


157.1 


275.3 


414.5 


257.2 


154.5 


121.2 


104.6 


164.2 


183.0 


1945 


191.2 


157.1 


158.5 


218.4 


342.0 


234.3 


146.9 


124.5 


109.1 


174.8 


175.1 


1946 


198.9 


170.5 


163.7 


174.1 


246.5 


215.5 


155.2 


128.4 


129.6 


191.2 


173.2 


1947 


204.5 


190.9 


172.4 


186.4 


255.9 


234.4 


158.1 


136.9 


152.9 


207.1 


187.9 


1948 


205.8 


191.7 


180.3 


193.0 


260.0 


241.3 


173.6 


140.5 


168.6 


221.4 


195.8 


First of Month 

1947— Oct. 


219.6 


192.1 


171.9 


190.1 


257.7 


237.4 


165.2 


141.7 


180.4 


211.7 


194.8 


Nov. 


226.2 


205.2 


175.3 


190.1 


260.0 


238.1 


168.0 


138.2 


181.3 


216.7 


197.8 


Dec. 


221.3 


214.3 


176.4 


192.0 


261.2 


239.7 


171.0 


140.0 


170.5 


228.3 


199.6 


1948— Jan. 


196.4 


213.1 


174.2 


191.5 


256.1 


236.3 


167.1 


139.3 


142.5 


230.8 


193.7 


Feb. 


194.7 


210.0 


180.4 


183.5 


258.8 


239.7 


153.4 


132.8 


137.6 


212.7 


189.3 


Mar. 


186.9 


205.8 


184.0 


194.0 


259.8 


239.5 


164.9 


132.8 


129.0 


212.0 


188.9 


Apr. 


183.2 


185.9 


183.1 


193.3 


262.1 


238.3 


168.8 


132.5 


130.8 


215.3 


186.6 


1948— Oct. 


239.4 


190.5 


180.3 


195.6 


259.9 


243.8 


179.6 


146.6 


197.3 


224.8 


203.3 


Nov. 


221.4 


199.9 


183.2 


195.9 


257.3 


244.5 


181.5 


144.6 


192.7 


230.5 


203.6 


Dec. 


209.6 


203.2 


185.6 


201.1 


256.1 


246.1 


181.1 


144.5 


184.6 


239.5 


204.3 


1949— Jan. 


188.3 


193.1 


182.9 


200.7 


247.2 


244.0 


176.5 


140.7 


153.6 


238.9 


196.0 


Feb. 


180.9 


183.8 


187.9 


197.7 


250.9 


243.6 


178.8 


134.9 


142.9 


221.1 


190.5 


Mar. 


178.0 


180.1 


190.1 


200.5 


251.9 


242.5 


170.5 


132.9 


138.7 


220.0 


188.9 


Apr. 


176.0 


166.0 


190.7 


201.4 


251.4 


241.8 


170.6 


135.4 


141.7 


221.2 


187.6 



* As reported by establishments with not less than 15 employees. Excluding employment indexes for financial institutions which were not compiled 
prior to 1940. (1) Average Jan. 1-Dec. 1. (2) Lumber and Products, Pulp and Paper Products and Logging. 



EMPLOYMENT, PAYROLLS AND EARNINGS IN INDUSTRY 



INDEX JUNE 1,1941 = 100 



CENTS 



DOLLARS 




1941 42 43 44 45 46 47 48 49 1941 42 43 44 45 46 47 48 49 

* As reported by establishments with not less than IS employees. (1) As reported, first of month, for the last week of the previous month and 

plotted at end of the previous month. (2) Hourly-rated wage-earners. (3) Jan. 1st figures affected by loss of working time during the holiday 
season and the average of Dec. 1st and Feb. 1st has been used. 



MAY 1949 



86 



Thousands 



XI— EMPLOYMENT AND PAYROLLS BY INDUSTRIES*: 1948-49 

Dominion Bureau of Statistics 
NUMBER OF EMPLOYEES 



First of Month! 


1948 


Jan. 


Feb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Manufacturing 


1,048 
126 

79 

45 
180 
186 

65 
274 

83 


1,052 
120 

72 

45 
172 
179 

65 
253 

84 


1,062 
113 

77 

46 
172 
168 

64 
253 

84 


1,058 

83 

79 

46 

171 

171 

65 

258 

84 


1,057 

51 

81 

47 

179 

192 

67 

258 

84 


1,066 

66 

82 

48 
183 
218 

68 
261 

85 


1,082 

69 

84 

49 

185 

243 

72 

268 

85 


1,076 


Logging: 


68 


Mining 


84 


Communications 


50 


Transportation 


188 


Construction & Maintenance 
Services 


272 
74 


Trade 


271 


Finance 


86 






Total 


2,086 


2,041 


2,038 


2,015 


2,015 


2,077 


2,137 


2,169 







Thousands 



First of Month! 




1948 




1949 


Sept. 


Oct. 


Nov. 


Dec. 


Jan. 


Feb. 


Mar. 


Apr. 


Manufacturing 


1 ,092 
67 
85 
50 

188 
264 

74 
272 

86 


1,094 

81 

84 

50 

190 

259 

72 

278 

87 


1,084 

98 

85 

50 

187 

254 

70 

286 

87 


1,082 
107 

85 

49 
187 
244 

69 
297 

87 


1 ,056 

98 

83 

. 50 

182 
203 

68 
297 

88 


1,056 

84 

84 

49 

175 

190 

68 

276 

88 


1,057 
79 
80 
50 

173 

184 

67 

277 
88 


1,057 


Logging 


57 


Mining 


80 


Communications 


50 


Transportation 


176 


Construction & Maintenance 
Services 


188 
68 


Trade 


278 


Finance 


88 






Total 


2,178 


2,195 


2,201 


2,207 


2,125 


2,069 


2,054 


2,042 







Thousands of Dollars 



AGGREGATE WEEKLY PAYROLLS 



First of Month! 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total 



1948 



Jan. 



38,039 
4,934 
3,179 
1,623 
8,116 
6,338 
1,584 
8,843 
3,118 



75,773 



Feb. 



41,411 

4,639 
3,413 
1,631 
7,824 
6,629 
1,628 
8,462 
3,137 



78,774 



Mar. 



42,714 
4,505 
3,701 
1,657 
7,940 
6,462 
1 ,663 
8,555 
3,144 



80,341 



Apr. 



41,907 
3,398 
3,827 
1,699 
7,929 
6,304 
1 ,657 
8,671 
3,230 



78,023 



May 



43,097 
2,108 
3,990 
1,707 
8,083 
7,178 
1,705 
-8,774 
3,251 



79,892 



June 



43,298 
2,467 
3,987 
1,828 
9,089 
8,312 
1,775 
8,968 
3,368 



83,092 



July 



44,556 
2,683 
4,143 
1,895 
9,200 
9,414 
1,869 
9,312 
3,385 



86,457 



Aug. 



44,591 
2,631 
4,192 
1,923 
9,450 

10,452 
1,902 
9,521 
3,403 



88,065 



Thousands of Dollars 



First of Month! 



1948 



Sept. 



Oct. 



Nov. 



Dec. 



1949 



Jan. 



Feb. 



Mar. 



Apr. 



Manufacturing 

Logging 

Mining , 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total 



45,285 
2,663 
4,290 
1,934 
9,541 

10,328 
1,898 
9,548 
3,402 



46,879 
3,128 
4,310 
1,925 
9,743 

10,454 
1,906 
9,807 
3,399 



47,021 
3,704 
4,387 
1,936 
9,694 

10,320 
1,873 

10,164 
3,407 



47,305 
4,093 
4,418 
1,931 
9,640 
9,856 
1,882 

10,456 
3,426 



44,670 
3,623 
3,912 
1,942 
9,298 
7,864 
1,827 

10,592 
3,435 



46,634 
3,263 
4,415 
1,926 
8,949 
7,920 
1,852 

10,085 
3,448 



46,927 
3,222 
4,138 
1,972 
8,994 
7,817 
1,879 

10,142 
3,567 



88,889 



91,551 



92,506 



93,007 



87,165 



88,492 



88,658 



47,037 
2,424 
4,119 
1,952 
9,080 
7,899 
1,884 

10,222 
3,619 



88,238 



* As reported by establishments with not less than IS employees, t As reported first of month, for the last week of the previous month. 



87 



Millions of Dollars 



MAY 1949 ' 



XII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 









TOTAL EXPORTS (EXCLUDING GOLD) 


TO 












U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U.K. 


Dependen- 


of 


British 


Europe & 


and 




All 








cies 


South 
Africa 


Countries 
(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


Calendar Years 




















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


• 169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 




















Apr. 1949 


1,549 


678 


87 


82 


142 


298 


129 


153 


3,117 


Monthly 




















1948-Jan. 


106.8 


71.8 


10.3 


4.2 


5.5 


24.3 


8.0 


14.3 


245.2 


Feb. 


96.4 


61.5 


5.6 


3.2 


7.1 


22.0 


9.7 


12.3 


217.8 


Mar. 


114.0 


61.8 


8.1 


4.4 


5.4 


17.4 


9.0 


11.2 


231.3 


Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949-Jan. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.8 


Mar. 


123.4 


44.6 


7.2 


4.9 


13.6 


12.1 


10.0 


10.0 


225.8 


Apr/ 6 ' 


111.9 


58.4 


5.7 


6.5 


13.1 


22.3 


10.5 


6.5 


234.8 



Millions of Dollars 




MERCHANDISE IMPORTS 12 ' 










TOTAL IMPORTS (EXCLUDING GOLD) FROM 








U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U. K. 


Dependen- 


OF 


British 


Europe & 


and 


Other 


All 






(2) 


cies 


South 


Countries 


Colonies 


South 














Africa 


(3) 


(4) 


America 


(5) 




Calendar Years 




















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















Mar. 1949 


1,863 


314 


111 


4 


87 


83 


216 


38 


2,717 


Monthly 




















1948-Jan. 


150.0 


21.5 


4.8 


.2 


7.0 


3.7 


15.5 


3.2 


206.0 


Feb. 


136.8 


17.8 


3.4 


.2 


4.0 


4.0 


14.1 


1.7 


182.1 


Mar. 


138.3 


21.6 


5.6 


.3 


4.8 


5.3 


19.1 


2.0 


197.0 


Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24.0 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


1949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 


Feb. 


148.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 


Mar/ 6 ' 


169.0 


28.3 


7.6 


.6 


7.1 


7.2 


14.0 


2.1 


235.9 



Excess of 
Merch- 
andise 
Exports 

over 
Merch- 
andise 
Imports 



514 
225 

488 

388 



26.6 
19.3 
68.6 
56.2 
57.8 
85.6 



* Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



(3) 

(4) 

(5) 

(6) 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. 

Consists of Eire. India, Pakistan, Burma. Australia, New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece. Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 

1949. 

Preliminary. 



MAY 1949 



88 



EXPORTS AND IMPORTS BY COUNTRIES" 



EXPORTS 



IMPORTS 



MILLIONS OF DOLLARS 

1700 



RUNNING 12-MONTH TOTALS 




MILLIONS OF DOLLARS 

2100 




* Excluding gold. See footnotes to table on page 87. 



89 





















• 






MAY 1949 1 p 


















XIII- 


-MERCHANDISE EXPORT^' 


Millions of Dollars 
















Compiled fron 


( "Trade of Cam 


Calendar 
Years 


Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 
Flour(l) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 

and 

Hams 


Other 
Meats 


Cheese 


Other 

Milk 
Products 


Eggs 


Seeds 


Ot 
Fa 

(in 
raw ' 


1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 




4 


i \i 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 


\ 


1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


J; 12 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


i ii 


1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


37 


17 


4 


1948 


21 


382 


23 


74 


74 


70 


65 


12 


18 


39 


50 


I 


12-Mths. ending 


























Mar. 1949 


21 


398 


25 


62 


78 


52 


59 


11 


19 


32 


54 


5 8 


Monthly 

1948- J an. 


1.4 


36.0 


.3 


7.5 


1.3 


7.4 


5.8 


1.3 


.8 


3.6 


6.0 


3 


Feb. 


1.3 


29.5 


.4 


5.5 


1.1 


6.4 


5.0 


.1 


.6 


4.7 


3.1 


4 


Mar. 


1.1 


28.6 


.8 


3.9 


1.7 


10.3 


3.9 


.1 


.6 


4.3 


2.3 


4, 


Apr. 


.4 


26.6 


.2 


3.4 


2.3 


9.8 


3.0 


.1 


.5 


.9 


1.2 


4. 


May 


.6 


36.0 


1.5 


5.3 


2.8 


13.8 


2.5 


.1 


1.0 


4.3 


3.2 


6. 


June 


.7 


28.8 


1.5 


6.2 


3.3 


5.7 


1.6 


- 


2.0 


2.5 


3.3 


5. 


July 


1.5 


25.8 


1.6 


3.4 


3.0 


3.6 


2.1 


.1 


1.8 


3.6 


2.0 


4, 


Aug. 


1.1 


21.9 


1.3 


2.4 


5.0 


3.0 


3.1 


.5 


2.9 


2.2 


1.8 


o . 


Sept. 


2.5 


28.3 


1.7 


6.2 


19.3 


2.5 


11.0 


4.0 


2.6 


3.8 


3.1 


3. 


Oct. 


3.6 


38.1 


2.2 


6.4 


14.0 


2.7 


9.0 


3.0 


2.3 


5.9 


4.0 


4. 


Nov. 


3.3 


44.6 


5.5 


8.2 


14.2 


1.7 


10.2 


2.1 


1.7 


2.4 


8.5 


5. 


Dec. 


3.3 


37.9 


5.5 


15.2 


5.9 


2.9 


7.5 


.7 


1.4 


.9 


11.2 


5. 


1949-Jan. 


2.0 


41.0 


1.4 


1.4 


2.6 


3.0 


4.5 


- 


1.2 


3.1 


5.3 


5. 


Feb. 


1.2 


32.6 


1.2 


1.9 


2.2 


1.6 


2.3 


- 


1.1 


2.1 


5.2 


5. 


Mar. 


.9 


35.9 


1.1 


2.0 


3.7 


1.2 


2.6 




.7 


.2 


5.3 


4. 


Calendar 
Years 


Artificial 
Silk 


Other 

Fibres 

& Textiles 

(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos, 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 

Products 


Copper 

and 
Products 


Lead 

and 

Products 


Nic 

an 

Prod 


1929 




8 


20 


7 


47 


_ 


16 


3 


15 


37 


11 


2 


1932 




4 


2 


4 


7 


- 


4 


1 


4 


16 


3 




1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


5 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


5 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


6 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 


7 


12-Mths. ending 


























Mar. 1949 


5 


35 


84 


37 


52 


23 


99 


16 


95 


80 


39 


7 


Monthly 

1948-Jan. 


.8 


2.3 


5.5 


4.3 


3.7 


.8 


5.0 


1.4 


7.5 


6.5 


2.5 


8. 


Feb. 




7 


1.9 


5.4 


3.0 


3.7 


.8 


7.3 


1.2 


8.8 


7.0 


1.1 


5. 


Mar. 




7 


2.2 


6.2 


4.1 


4.5 


1.2 


5.3 


1.5 


7.2 


5.7 


2.9 


5. 


Apr. 




8 


2.5 


6.9 


3.0 


5.7 


1.2 


6.4 


1.7 


7.0 


4.3 


2.3 


6. 


May 




8 


2.9 


6.3 


3.4 


4.4 


2.1 


9.8 


1.9 


14.9 


9.4 


3.1 


7. 


June 




7 


3.3 


5.8 


2.8 


4.2 


2.4 


7.4 


1.5 


7.6 


5.1 


1.3 


4. 


July 




6 


4.5 


6.7 


3.0 


4.6 


2.5 


6.6 


1.1 


8.5 


5.8 


2.9 


5. 


Aug. 




4 


4.0 


4.4 


2.5 


3.7 


2.1 


5.3 


1.2 


8.8 


6.2 


3.5 


6. 


Sept. 




4 


3.0 


6.9 


3.7 


1.3 


2.6 


7.5 


1.2 


7.5 


6.9 


3.7 


5. 


Oct. 




5 


3.0 


7.2 


3.3 


4.9 


2.2 


8.4 


1.2 


9.8 


7.6 


2.8 


6. 


Nov. 




4 


2.5 


5.2 


3.5 


5.6 


1.6 


10.2 


1.3 


9.2 


6.5 


4.7 


5. 


Dec. 




3 


2.6 


7.4 


4.4 


8.7 


1.8 


11.6 


1.7 


5.3 


8.1 


4.0 


7. 


1949-Jan. 




2 


2.6 


7.8 


2.2 


4.3 


1.7 


9.1 


1.1 


5.5 


8.5 


6.0 


7. 


Feb. 




1 


1.7 


8.1 


2.5 


2.3 


1.2 


7.6 


1.1 


5.1 


4.6 


2.4 


8. 


Mar. 




2 


1.9 


11.9 


2.8 


1.9 


2.1 


8.9 


1.3 


6.2 


6.6 


2.0 


S. 



(1) In the case of wheat for 1937, 46, 47, 48 & 49 export clearance figures are based on Board of Grain Commissioners rather than Customs data. (2) Made ill 
1680. 1700. 1710, 2005. 2015, 2020, 2025, 2060, 2065, 2070, 2075, 2080, 208S, 2090, 2095, 2100-2110, 2490, 2500-2525, 2750, 2795, 280S, 2810. 2825, 2840, 2845, 



MAY 1949 
IJMMODITY CLASSIFICATION 



90 



wniniot 


1 Bureau 


f statistics 


















Millions of Dollars 


Stash 

' h and 


Fish 
(canned & 


Furs 


Logs 

and 


Planks 
and 


Pulpwood 


Wood Pulp 


Newsprint 


Other 


Other 
Wood 


Alcoholic 


Rubber 
& Products 


Calendar 


«[,«,) 


salted) 




Rounds 


Boards 








Paper 


Products 


Beverages 


(incl. 
synthetic) 




|l2 


24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


1929 


7 


11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 


ii2 


16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 


3141 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 


438 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 


545 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1948 

12-Mths. ending 


43 


36 


25 


23 


181 


44 


210 


392 


31 


54 


31 


32 


Mar. 1949 

Monthly 


i .2 


4.3 


3.9 


2.0 


16.9 


2.8 


15.3 


27.9 


2.6 


4.8 


2.5 


2.8 


Jan.- 1948 


.1 


6.6 


2.2 


2.1 


15.4 


2.7 


14.8 


24.9 


2.4 


5.1 


2.1 


2.4 


Feb. 


.4 


3.2 


1.9 


2.9 


15.4 


2.9 


18.1 


32.0 


2.6 


4.3 


1.9 


3.0 


Mar. 


.5 


2.5 


2.1 


1.2 


14.6 


1.9 


18.9 


29.1 


2.8 


5.7 


2.0 


2.1 


Apr. 


.5 


2.3 


2.7 


2.0 


16.3 


2.5 


19.8 


33.8 


3.8 


5.8 


2.2 


3.2 


May 


.9 


2.1 


2.5 


2.3 


15.5 


3.9 


17.9 


30.5 


2.9 


4.6 


1.7 


2.8 


June 


.4 


2.9 


1.5 


2.5 


17.3 


5.3 


18.8 


31.0 


2.5 


4.8 


2.5 


3.1 


July 


.4 


2.3 


1.8 


1.7 


17.3 


4.0 


16.2 


31.8 


2.9 


5.1 


2.1 


2.5 


Aug. 


.1 


3.0 


2.0 


3.8 


21.3 


6.0 


19.1 


36.9 


2.8 


4.7 


2.4 


3.0 


Sept. 


. .5 


3.8 


.6 


2.2 


17.4 


4.7 


17.2 


33.0 


2.6 


5.0 


2.9 


2.8 


Oct. 


.6 


3.7 


,7 


2.2 


15.5 


3.9 


17.6 


34.5 


2.8 


4.8 


3.9 


2.8 


Nov. 


. .7 


3.2 


2.3 


1.4 


13.2 


3.0 


18.1 


37.7 


2.9 


5.0 


3.1 


2.8 


Dec. 


.") 


3.4 


3.9 


1.5 


11.1 


2.8 


15.2 


29.9 


1.9 


2.8 


3.1 


2.0 


Jan. -1949 


.1 


3.2 


2.5 


1.0 


10.2 


3.3 


15.4 


30.4 


1.4 


2.6 


2.1 


2.2 


Feb. 


■ .7 


3.6 


2.1 


1.4 


11.1 


3.0 


15.6 


33.7 


1.6 


3.2 


3.4 


2.4 


Mar. 



Juous 
Eold) 


Zinc 

and 

Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 
Non- 
metallic 
Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


All 

Other 
Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold> 


Calendar 
Years 


26 12 


9 


5 


13 


17 


7 


14 


1 




33 


37 


1,190 


1929 


I 6 


4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 


53119 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


mi 


28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 


H 23 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 


125 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 
























12-Mths. ending 


''27 


51 


21 


39 


55 


39 


41 


83 


9 


93 


123 


3,195 


Mar. 1949 


2 


1.9 


1.2 


2.7 


3.5 


3.5 


3.8 


2.3 


.7 


6.8 


9.6 


251.2 


Monthly 

Jan.- 1948 


*:.2 


1.4 


1.5 


2.7 


2.2 


2.7 


3.1 


1.5 


1.2 


5.9 


8.9 


224.7 


Feb. 


' .0 


3.3 


1.7 


3.2 


3.2 


2.6 


3.6 


1.4 


1.4 


6.7 


8.7 


237.4 


Mar. 


i 4 


3.4 


1.5 


3.4 


3.9 


4.0 


3.3 


1.8 


1.5 


7.1 


9.5 


229.2 


Apr. 


*.9 


4.0 


2.6 


3.7 


5.3 


3.8 


5.3 


4.0 


1.4 


9.3 


8.8 


292.3 


May 


» .6 


3.0 


1.4 


3.7 


4.1 


1.6 


4.0 


8.9 


1.2 


7.5 


9.6 


245.0 


June 


1 .6 


2.9 


2.1 


3.3 


4.3 


2.7 


3.7 


17.7 


.4 


8.2 


10.8 


259.8 


July 


, .4 


4.5 


1.7 


3.5 


3.9 


3.7 


3.3 


3.3 


.7 


7.3 


9.7 


233.0 


Aug. 


5 -8 


4.3 


1.6 


3.8 


6.3 


3.4 


3.5 


4.2 


.9 


8.3 


11.9 


299.1 


Sept. 


J -2 


5.1 


2.1 


4.0 


5.3 


2.2 


3.6 


16.8 


.5 


7.1 


9.6 


306.7 


Oct. 


.9 


4.0 


2.6 


3.8 


5.7 


3.3 


3.2 


.1 


.8 


8.6 


9.1 


302.6 


Nov. 


2 


4.9 


1.6 


4.3 


5.4 


2.8 


3.2 


22.5 


.6 


9.9 


12.9 


327.5 


Dec. 


• 9 


5.8 


1.1 


2.8 


3.6 


3.7 


2.7 


.7 


.3 


7.8 


9.7 


248.0 


Jan.-1949 


t 


3.7 


.9 


2.2 


3.4 


3.2 


2.6 


2.5 


.4 


6.3 


9.6 


216.3 


Feb. 


9 


5.4 


1.2 


.9 


3.5 


4.7 


2.7 


.6 


.5 


5.9 


12.1 


235.6 


Mar. 



*>is items listed in 
*■ 2860, 3160-3187. 



•Trade of Canada" under code numbers 180, 600. 610,690, 710, 790, 1170, 1500-1590, 1610, 1620, 1630, 1640, 1645, 1650, 1660, 1670, 



'ATISTICAL SUMMARY 

BANK OF CANADA 

Tables Charts Pages 



I Bank of Canada : 

Liabilities and Assets 91-92 

Chartered Banks: Canadian Deposits 91 

Chartered Banks: Canadian Deposits, Loans and 

Government of Canada and Provincial Securities .... 92 
II Chartered Banks: 

Liabilities and Assets 93-94 

III Money Supply and Related Bank Assets 93-94 

IV Security Prices: 

Government Securities Payable in Canada only . 95 

Yields of Government of Canada Bonds, Payable in Canada only . 95 

Government Securities, Canada, U.K. and U.S. A 96 

Yields of Government Bonds, Canada, U.K. and U.S.A. ... 96 

V Government Bond Yields: Canada, U.K. and U.S.A. 97 

VI Stock Exchange Statistics 97 

VII Foreign Investment in Canada 98 

VIII Official Holdings of Gold and United States Dollars 98 

IX Business Activity 99 

Department Store Sales: Cash and Credit 99 

X Newsprint: North America . 100 

Shipments to and Consumption by U.S. Publishers .... 100 

XI Wholesale Prices 101 

XII Cost of Living 101 

XIII Farm Prices of Agricultural Products 102 

XIV Farm Operating and Living Costs 102 

XV Grains: Acreage and Production 103 

XVI Average Hourly & Weekly Earnings and Hours Worked in Manufacturing 104 

Average Hourly and Weekly Earnings in Manufacturing . . . 104 

XVII Exports and Imports By Countries 105 

Merchandise Trade: Exports, Imports and Balance . . . . 106 

XVI 1 1 Merchandise Exports: Commodity Classification 107-108 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 

JUNE 1949 



91 



Millions of Dollars 



JUNE 1949 I 
I— BA 





LIABILITIES 






Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other- 
Deposits 


Foreign 
Currency 
Deposits' 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Tot 
Liabil 

or 
Ass* 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


k 


Average of 




















Month-end Figures 






















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


29 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


37 


■. 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,48 




1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,84 




1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,89 




1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,91 




1948 

End of 

1947— Dec. 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,97 




183.9 


536.2 


720.1 


68.8 


67.5 


2.0 


1,027.5 


40.4 


1,92 




1948— Jan. 


147.2 


538.3 


685.5 


44.6 


60.0 


- 


1,010.3 


41.6 


1,84 




Feb. 


135.7 


531.8 


667.5 


60.8 


75.0 


.6 


1,020.6 


23.4 


1,84! 


Mar. 


166.9 


519.2 


686.1 


42.2 


86.7 


.1 


1,013.9 


25.8 


1,85 


Apr. 


140.5 


558.9 


699.4 


57.9 


126.0 


.2 


1,042.5 


26.7 


1,95 




May 


170.2 


547.3 


717.5 


135.9 


95.8 


.5 


1,025.5 


31.5 


2,00 




1948— Dec. 


190.8 


547.3 


738.1 


98.1 


81.0 


.4 


1,098.3 


42.7 


2,05 


• 


1949— Jan. 


182.2 


545.1 


727.3 


141.8 


86.8 


- 


1,047.0 


42.5 


2,04 


■ 


Feb. 


167.4 


531.0 


698.4 


178.4 


79.6 


.4 


1,054.5 


25.3 


2,03| 




Mar. 


165.8 


540.3 


706.1 


62.6 


84.8 


87.3 


1,079.5 


31.7 


2,05 


. 


Apr. 


161.7 


587.3 


749.0 


115.1 


80.8 


66.1 


1,103.0 


26.9 


2,14 




May 


193.5 


571.2 


764.7 


101.4 


65.2 


61.4 


1,070.3 


35.2 


2,09 





(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 194°. -frMay 19 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the F 



CHARTERED BANKS : CANADIAN DEPOSITS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4000 



3000 



2000 



1000 




4000 



3000 



2000 



1000 



MJSDMJSDMJSDMJSDMJS 
1941 1942 1943 1944 1945 

* Chiefly Government of Canada, Provincial Governments and Foreign Banks. 



M J S 
1949 



i 



JUNE 1949 
IF CANADA 



92 



Millions of Dollars 



■+ 










ASSETS 










Silver 


Foreign'" 
Currencies 


Securities 


Advances 


All 

Other 

Accounts 




^Gold 


Govt, of Canada 
and Provincial 


Ind. Dev. 
^ Bank 
Cap. Stock 


Other 

Securities 


Total 






Under 2 yrs. 


Over 2 yrs. 




If 


















Average of 






















Month-end Figures 


§51.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


JT..82.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


1M10.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


• 




• 


• 


• 






• 










- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


■ — 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


m — 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


■ — 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




1 - 


— 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 


-: 


; - 


- 


2.0 


1,022.0 


858.5 


25.0 


- 


1,905.6 


- 


18.7 


Dec— 1947 




I - 


- 


- 


931.3 


863.2 


25.0 


- 


1,819.5 


- 


23.2 


Jan. — 1948 




1 - 


- 


.8 


974.4 


825.7 


25.0 


- 


1,825.1 


- 


22.0 


Feb. 


s 


5 - 


- 


.3 


985.2 


806.7 


25.0 


- 


1,817.0 


- 


37.6 


Mar. 


i 


- 


- 


.3 


1,124.1 


767.8 


25.0 


- 


1,916.9 


- 


35.4 


Apr. 


i 


" 


- 


.6 


1,179.7 


775.0 


25.0 


- 


1,979.7 


- 


26.5 


May 


■ - 


— 


.5 


1,233.7 


779.1 


25.0 


— 


2,037.7 


— 


20.4 


Dec— 1948 


m - 


- 


.1 


1,188.3 


806.9 


25.0 


- 


2,020.2 


- 


25.1 


Jan. — 1949 


■ - 


- 


.5 


1,180.5 


800.7 


25.0 


- 


2,006.2 


- 


29.8 


Feb. 


1 




- 


82.4 


1,087.1 


812.1 


25.0 


5.0 


1,929.1 


- 


40.4 


Mar. 


1! 


- 


- 


61.1 


1,199.0 


822.9 


25.0 


5.0 


2,051.9 


- 


27.8 


Apr. 


fi 


i ~ 


— 


56.5 


1,148.1 


836.2 


25.0 


5.0 


2,014.3 


— 


27.4 


May 




equent fig 


ures give effec 


t to the enact 


nent, under tl 


ie War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under 




ange Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 












CHA 


RTERED 


BANKS 


, : CANADIAN DEPOSITS, LOANS AND GOVT. OF CANADA 












AND 


PROV1NC 


:ial SEC 


;URIT1E£ 









MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 



5000 




7000 



5000 



3000 



1000 



DMJSDMJSOMJSDMJSDMJSDMJSDMJSDMJSDMJSD 
1941 1942 1943 1944 1945 1946 1947 1948 1949 



93 

























JUNE 1949 












> 












II— CHAR 


Millions of Dollars 




















Ban 




LIABILITIES 






Notes 


Deposits 


Cash 
in (3) 


Securities 








Govt, of 


Canadian 




Total 


Govt, of 


Canada 


Foreign 
Govt. 








Demand 


Notice 


Canada 




Foreign 


Deposits 




and Provincial 


Otl 











and Prov. 


(i) 




(2) 




Under2yrs. 


Over 2 yrs. 




Average of 
























Month-end figures 


























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


21 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


2\ 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290 


41 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


5- 


1947-Dec. 


18 


2,296 


3,740 


376 


6,473 


824 


7,406 


720 


731 


2,385 


271 


4* 


1948-Jan. 


18 


2,073 


3,824 


383 


6,339 


809 


7,255 


686 


837 


2,360 


263 


5: 


Feb. 


18 


2,105 


3,881 


241 


6,281 


801 


7,203 


668 


820 


2,372 


264 


5: 


Mar. 


18 


2,201 


3,927 


272 


6,458 


802 


7,378 


686 


835 


2,399 


260 


5- 


Apr. 


18 


2,223 


3,951 


290 


6,525 


797 


7,431 


699 


829 


2,436 


264 


5a :: 


May 


17 


2,182 


3,955 


319 


6,522 


827 


7,457 


717 


829 


2,425 


266 


5- 


1948-Dec. 


16 


2,544 


4,057 


426 


7,099 


811 


8,002 


738 


922 


2,513 


242 


5! 


1949-Jan. 


16 


2,337 


4,118 


487 


6,999 


800 


7,885 


727 


932 


2,549 


238 


5! 


Feb. 


16 


2,289 


4,159 


508 


7,017 


799 


7,902 


698 


939 


2,587 


226 


5: . 


Mar. 


15 


2,281 


4,264 


382 


6,998 


787 


7,870 


706 


884 


2,616 


223 


5( 


Apr.* 


15 


2,288 


4,339 


402 


7,103 


708 


7,898 


749 


812 


2,660 


233 


5( 


May 


15 


2,284 


4,339 


508 


7,233 


724 


8,049 


765 


853 


2,686 


235 


5( 



* As from April 1. 1949, statistics of Newfoundland Branches of Chartered Banks are included as Canada. (1) Estimated month-end deposits payable in Cai 
after that date: Bank of Canada Notes and Deposits. (4) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and mo 

1944, an approximate figure only. 



Millions of Dollars 



MONEY SUPPLY 



III— MONEY SUPPLY A 

Bo) 



As at Dec. 31 

1938 
1940 
1944 
1945 
1946 
1947 
1948 

End of 

1947-Dec. 
1948-Jan. 

Feb. 

Mar. 

Apr. 

May 

1948-Dec. 
1949-Jan. 

Feb. 

Mar. 

Apr.* 

May 



Currency 
Outside Banks 



Notes' 



207 

341 

930 

992 

1,031 

1,046 

1,115 

1,046 
1,028 
1,038 
1,032 
1,060 
1,043 

1,115 
1,063 
1,070 
1,095 
1,118 
1,085 



Coin' 2 ' 



31 
38 
60 
63 
65 
66 
70 

66 
65 
66 
66 
66 
67 

70 
68 
69 
69 
70 
70 



Total 



238 
379 
990 
1,055 
1,096 
1,112 
1,185 

1,112 
1,093 
1,104 
1,098 
1,126 
1,110 

1,185 
1,131 
1,139 
1,164 
1,188 
1,155 



Bank Deposits 



Chartered Banks 



Demand' 3 ' 



734 
1,031 
1,862 
2,063 
2,291 
2,296 
2,544 

2,296 
2,073 
2,105 
2,201 
2,223 
2,182 

2,544 
2,337 
2,289 
2,281 
2,288 
2,284 



Active 
Notice' 4 ' 



187 
203 
363 
474 
614 
597 
649 

597 
609 
620 
629 
629 
630 

649 
634 
640 
659 
672 
671 



Other' 5 ' 
excl. Govt, 
of Canada 



42 
112 
153 
172 
229 
233 
276 

233 

214 
220 
263 
281 
269 

276 
266 
260 
287 
300 
315 



Total 



963 
1,346 
2,378 
2,709 
3,134 
3,126 
3,469 

3,126 
2,896 
2,945 
3,093 
3,133 
3,081 

3,469 
3,237 
3,189 
3,227 
3,259 
3,270 



Deduct 

Floats 



116 
172 
243 
280 
328 
362 
400 

362 

232 
230 
345 
333 
317 

400 
293 
317 
335 
277 
335 



Net 
Total 



847 
1,174 
2,135 
2,429 
2,806 
2,764 
3,069 

2,764 

2,664 
2,715 
2,748 
2,800 
2,764 

3,069 
2,944 
2,872 
2,892 
2,982 
2,935 



Bank of 
Canada 
"Other" 
Deposits 



3 
10 

28 
30 
94 

68 
81 

68 
61 
75 
87 
126 
96 

81 
87 
80 
85 
81 
65 



Total 



850 
1,184 
2,163 
2,459 
2,900 
2,832 
3,150 

2,832 
2,725 
2,790 
2,835 
2,926 
2,860 

3,150 
3,031 
2,952 
2,977 
3,063 
3,000 



Mone: 
Suppl; 



1,08* 
1,56: 

3,15: 

3,51< 
3,99( 
3,94< 
4,33! 

3,94< 
3,811 
3,89' 
3,93: 
4,05: 
3,97( 

4,33! 
4,161 
4,09 
4,14 
4,25: 
4,15: 



liM 

h 

I 



* See note (*) above. 

(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



(5) Chartered banks' Canadian dollar deposits of provincial governmei 
Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end returns i 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published month-< 1 
statements — i.e. excluding Government of Canada, chartered ba I 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the amoum : 
foreign currency deposit liabilities. 



JUNE 1949 



94 



W BANKS 

:iada 



Millions of Dollars 



T ASSETS 


[ 


Loans 






CANADA 


ABROAD 


Total 
Assets 

3,528 


I otal 


Call 


Current 

Public 


Current 

Other 


Call 


Current 


499 


267 


1,343 


112 


301 


248 


696 


117 


1,032 


165 


84 


172 


2,869 


|426 


107 


732 


117 


68 


165 


3,317 


"1,287 


132 


1,223 


44 


87 


155 


7,430 


11,108 


104 


1,693 


54 


76 


198 


7,811 


}\120 


81 


1,923 


75 


74 


234 


8,140 


,874 


105 


1,921 


78 


56 


234 


7,974 


J ,972 


77 


1,891 


62 


58 


236 


7,825 


,968 


70 


1,861 


72 


73 


224 


7,775 


i ,036 


65 


1,844 


77 


76 


222 


7,949 


i ,072 


76 


1,851 


79 


74 


221 


8,010 


,066 


80 


1,858 


67 


74 


224 


8,033 


: ,268 


101 


2,077 


71 


78 


240 


8,580 


1,311 


90 


2,054 


77 


73 


244 


8,458 


1,322 


108 


2,033 


86 


79 


247 


8,466 


1285 


81 


2,026 


103 


79 


239 


8,426 


',267 


90 


2,093 


106 


85 


213 


8,452 


l:,342 


74 


2,085 


117 


78 


215 


8,604 


b*ncy. 
i»ige Cana 


(2) Include 
dian deposit 


i inter-bank d 
i in 1936 and < 


eposits. 
ifter. (5) I 


(3) Until M 
Jank of Can 


arch 1935: C 
ida notes in 


rold and Coin 
public circulat 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in o) 


Deposits 


Canadian 


Note (3) 






(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


680 


6,291 


10.8 


1,040 


Dec-1947 


738 


6,377 


11.6 


1,006 


Jan. -1948 


690 


6,299 


11.0 


1,008 


Feb. 


682 


6,251 


10.9 


1,023 


Mar. 


712 


6,375 


11.2 


1,029 


Apr. 


706 


6,444 


11.0 


1,036 


May 


723 


6,966 


10.4 


1,105 


Dec .-1948 


748 


6,997 


10.7 


1,062 


Jan.- 1949 


719 


6,939 


10.4 


1,055 


Feb. 


707 


6,859 


10.3 


1,075 


Mar. 


706 


7,064 


10.0 


1,094 


Apr.* 


765 


7,090 


10.8 


1,083 


May 



KLATED BANK ASSETS 







RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 


Millions 


of Dollars 


1 


Government of Canada Securities, Gold and 


Exchange 


All other 
Loans 
and 
Invest- 
ments 


Deduct 

Inactive 

Notice 

Deposits 

(14) 


Total 


Bank of< 8 ' 


Banking 1 " 
Securities 


Other Govt. Securities 


Total 


Deduct 

Govt. 

Deposits 


Net 
Total 


Related 


I Canada 
| Gold and 


Bonds' 1 " 


Victory (u> 
Loan 


Total 


Bank 

Assets 


I Exchange 






Advances 






u» 




(13) 






As at Dec. 31 | 






















1938 214 


196 


753 


- 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


il i 1940 38 


743 


737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


1944 


2,321 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


1945 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


1946 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 


1947 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


1948 

End of 

- 1947-Dec 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


i 1948-Jan. 


832 


3,706 


- 


3,706 


4,538 


272 


4,266 


3,020 


3,215 


4,071 


Feb. 


882 


3,655 


- 


3,655 


4,537 


137 


4,400 


2,995 


3,261 


4,134 


Mar. 


1,068 


3,512 


- 


3,512 


4,580 


111 


4,469 


3,000 


3,298 


4,171 


Apr. 


1,158 


3,558 


- 


3,558 


4,716 


128 


4,588 


3,015 


3,322 


4,281 


May 


1,175 


3,591 


- 


3,591 


4,766 


251 


4,515 


3,020 


3.326 


4,209 


.94S-Dec. 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


949-Jan. 


- 


1,094 


3,919 


- 


3,919 


5,013 


420 


4,593 


3,302 


3,484 


4,411 


Feb. 


- 


1,099 


3,944 


- 


3,944 


5,043 


487 


4,556 


3,286 


3,520 


4,322 


Mar. 


- 


992 


3,998 


- 


3,998 


4,990 


229 


4,761 


3,206 


3,605 


4,362 


Apr.* 


- 


1,041 


4,048 


- 


4,048 


5,089 


292 


4,797 


3,282 


3,668 


4,411 


Si May 


— 


1,030 


4,091 


— 


4,091 


5,121 


397 


4,724 


3,271 


3,667 


4,328 



(9) Bank of Canada and Chartered bank holdings of Government of Canada 
Treasury Bills, Deposit Certificates, Treasury notes and any other 
short term issues sold direct to Bank of Canada and chartered banks. 
Bank of Canada and chartered bank holdings of Government of Canada 
direct and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 

Chartered banks' temporary advances to the public in connection 
with the purchase of Victory Loan bonds at time of issue. 



10) 

1 



11) 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



A. 



95 



IV— SECURITY PRICES 

Bank of Canada 



JUNE 1949 



! 



Government of Canada Bonds Payable in Canada Only 

Based on Middle of the Market quotations 







Average of Business Days 


15th of Each Month 




3% Perpetuals 


Theoretical 
15 Year 

Bond 


Theoretical 
9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 

2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 




Annual Average 

1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 




1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 




1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 




1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 




1946 . 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 




1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 




1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 




Monthly 

1948— June 


99.34 


3.02 


2.96 


2.72 


2.32 


1.47 




July 


99.41 


3.02 


2.94 


2.68 


2.26 


1.44 




Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 




Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 




Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 




Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 




Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 




1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 




Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 




Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 




Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 




May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 




June 


100.45 


2.97 


2.89 


2.65 


2.28 


1.67 



YIELDS OF GOVERNMENT OF CANADA BONDS : 1936-49 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1.0% 



1.4% 



1.8% 



2.2% 



2 6% 



30% 



34% 



3.8% 

1936 1937 I93S 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 

(1) Prior to 1940 figures are for the 1st of month. (2) 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. (3) June IS. 




.2% 



JUNE 1949 



96 



IV— SECURITY PRICES 

Bank of Canada 





Government Bonds 


3 Month Treasury Bills 






Average of B 


usiness Days 




Tender Rate Nearest 15th of Month 




Can, 


ida<» 


U. 


K.<» 


U.S.A. «> 
























U K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


.411 


.509 


1.037 


Monthly 




















1948— Mar. 


100.27 


2.98 


101.30 


2.86 


101.10 


2.42 


.410 


.506 


.997 


Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


.411 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


All 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


235 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.523 


1.162 


Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 


May 


100.88 


2.91 


103.50 


2.60 


102.09 


2.33 


.500 


.523 


1.148 


June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.32 


.506 


.524 


1.158 



(1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 2^% due Dec. 15. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1948-49 

Daily Opening Quotations 



2.1% 



2.3% 



2.5% 



2 7% 



2 9% 



2.1% 



2.3% 



2.5% 




2.7% 



2.9% 



APR. MAY JUNE JULY AUG. SEPT OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE 

1948 1949 

* Security is not eligible for commercial banks before Dec. 1. 1952. 



97 



JUNE 1949 



V— GOVERNMENT BOND YIELDS* 

Bank of Canada 



1948 



Jan. 1st Mar. 31st June 30th | Sept. 30th Dec. 31st 



1949 



Mar. 31st June 30th 



Government of Canada 



Internal Issues 

l%%due Nov. 1, 1950. . . . 

3% due Mar. 1, 1952/54. 

3% due Jan. 1, 1956/59.. 

3% due Sept. 1, 1961/66. 

New York Issues 

4% due Oct. 1, 1950/60.. 

S}4% due Jan. 15, 1956/61. 

4^% due Sept. 1, 1951*. .. 

43^% due July 1, 1957*.... 



1.42 
1.80 
2.35 
2.60 

2.48 
2.74 
2.76 
3.01 



1.44 
2.18 
2.84 
2.98 

2.34 
2.68 
2.35 
2.97 



1.57 
2.18 
2.70 
2.94 

2.28 
2.69 
2.20 

2.82 



1.53 
2.10 

2.75 
2.98 



2.20 
2.71 
2.24 

2.87 



1.64 
2.02 
2.67 
2.93 

2.02 
2.51 
2.08 
2.68 



1.64 
2.04 
2.61 
2.93 

1.55 
2.22 
1.84 
2.46 



1.67 
2.06 



64 
91 



26 
22 
01 
54 



United States Government 



13^% due Dec. 15, 1950 

23^% due Mar. 15, 1952/54. 
2Y 2 % due Mar. 15, 1956/58. 
2H% due Dec. 15, 1967/72 . 



1.40 
1.72 
2.13 
2.48 



1.35 
1.62 
2.01 
2.48 



1.34 
1.58 
1.98 
2.48 



1.39 
1.71 
2.04 
2.48 



1.36 
1.58 
1.93 

2.47 



1.32 
1.49 
1.77 
2.43 



1.20 
1.30 
1.59 
2.38 



United Kingdom Government 



l%%due Feb. 15, 1950. . . 
2M% due Mar. 1, 1952/54. 

3% due Oct. 15, 1955/59. 

3% due Aug. 15, 1965/75, 



1.45 
2.50 
2.80 
2.98 



1.24 
2.17 
2.53 
3.03 



1.17 
1.95 
2.38 
3.03 



1.19 
1.88 
2.34 
2.96 



1.24 
1.74 
2.18 
2.86 



1.40 
1.56 
2.15 
2.86 



1.75 
2.25 
2.65 
3.11 



* Canadian National Railways (Guaranteed by Canada). 



t Based on approximate market bid side. 



VI— STOCK EXCHANGE STATISTICS 

Montreal and Toronto Stock Exchange Bulletins 





Market Value 


Value of 


Toronto Stock Exchange " 


Quoted Value Index"< 3 > 


OF 




of all listed 
Stock"' 


shares traded 
during month 




Listed Stock by Industrial Groups 






Paper 


Senior 
Gold 


Base 
Metal 


Oil 


Constr. 
and Steel 






Montreal 


Toronto 


Montreal & 
Toronto 


Textile 




Millions of Dollars 




Index, December 


31, 1940 = 100 




1940-Dec. 


4,305 


3,918 


14 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1942-Dec. 


3,979 


3,710 


14 


85.7 


68.2 


95.8 


120.0 


93.5 


92.2 


1944-Dec. 


5,178 


5,406 


39 


212.7 


100.1 


102.6 


146.3 


127.0 


117.7 


1945-Dec. 


6,896 


7,437 


101 


345.8 


140.8 


139.5 


164.3 


159.3 


148.5 


1946-Dec. 


7,114 


7,241 


64 


364.2 


92.2 


135.4 


129.1 


164.8 


165.2 


1947-Dec. 


7,174 


7,198 


53 


371.6 


96.0 


130.3 


136.9 


160.9 


162.6 


1948-Mar. 


6,955 


6,849 


51 


337.6 


89.9 


128.5 


134.6 


145.9 


161.3 


Apr. 


7,266 


7,286 


81 


361.0 


90.6 


137.4 


143.6 


161.8 


170.6 


May 


7,808 


7,713 


100 


402.5 


88.0 


145.0 


156.1 


167.3 


177.2 


June 


7,661 


7,543 


76 


389.6 


83.4 


144.6 


148.0 


166.3 


177.2 


July 


7,410 


7,336 


50 


380.7 


85.0 


141.6 


139.4 


164.6 


177.2 


Aug. 


7,469 


7,343 


34 


382.5 


90.1 


143.0 


142.5 


161.6 


174.6 


Sept. 


7,470 


7.196 


49 


369.6 


86.0 


137.7 


147.7 


158.6 


170.7 


Oct. 


7,648 


7,590 


69 


380.1 


86.3 


150.3 


162.0 


166.6 


174.6 


Nov. 


7,524 


7,470 


94 


352.7 


80.7 


146.4 


162.7 


165.3 


175.9 


Dec. 


7,532 


7,503 


63 


349.8 


86.7 


146.5 


160.5 


168.0 


174.6 


1949-Jan. 


7,450 


7,342 


69 


338.2 


89.9 


144.3 


145.2 


168.3 


173.3 


Feb. 


7,035 


6,996 


57 


322.5 


86.7 


131.5 


136.3 


163.9 


169.4 


Mar. 


7,095 


7,123 


50 


326.0 


88.2 


130.4 


144.8 


167.2 


169.4 


Apr. 


7,042 


7,019 


49 


309.2 


93.6 


123.8 


142.8 


167.5 


168.2 


May 


6,647 


6,614 


43 


284.2 


85.9 


112.5 


131.7 


160.9 


164.6 



(l) Including Curb Market. (2) Month-end figures. 
(3) Obtained by multiplying the last monthly price of each stock by its outstanding shares. The index is made up of these figures with Dec. 31, 1940 arbitrarily 
chosen as its base. A new listing is taken into account in the second month when a percentage increase or decrease can be calculated against its group. 



JUNE 1949 



98 



Millions of Canadian Dollars 



VII— FOREIGN INVESTMENT IN CANADA 

Dominion Bureau of Statistics 



1926 



1930 



1939 



1946 



1947<» 



Non-Resident 


Investment 


in Canada 








Held in United States 


3,196 

2,636 

170 


4,660 

2,766 

188 


4,151 

2,476 

286 


5,157 

1,668 

353 


5,187 


Held in United Kingdom 


1,642 


Held in Other Countries 


346 






Total 


6,003 


7,614 


6,913 


7,178 


7,175 







United States Direct Investment Canada< 2 > 



Manufacturing: 

Vegetable Products 

Animal Products 

Textiles 

Wood and Paper Products. . 

Iron and Products 

Non-ferrous Metals 

Non-metallic Minerals 

Chemicals and Products .... 
Miscellaneous Manufactures. 

Manufacturing — Total 



69 

18 

18 

256 

180 

83 

109 

60 

25 



Mining and Smelting. 

Utilities 

Merchandising 

Financial 

Miscellaneous 



Total All Companies . 



818 

141 

249 

89 

58 



1,403 



94 

38 

20 

334 

199 

113 

126 

86 

31 



1,041 

210 

423 

122 

136 

61 

1,993 



96 

47 

20 

281 

188 

130 

112 

88 

22 



984 

198 
399 
119 
126 
55 



1,881 



146 

42 

29 

350 

283 

208 

138 

134 

36 



1,366 

245 
366 
165 
232 

54 

2,428 



160 

46 

32 

383 

312 

219 

148 

147 

41 



1,488 

253- 
345 

178 

221 

59 

2,544 



(1) Subject to revision. 

(2) Value of United States direct investments in all Canadian business including branches, subsidiaries and controlled companies. 



Millions of Dollars 



VIII— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS* 

Department of Finance 



Jan. 


Feb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


1947 


Gold 

U.S. Dollars 


493.9 
649.2 


407.4 
550.3 


387.8 
423.5 


392.4 
307.9 


378.4 
332.0 


338.8 
327.1 


322.5 
328.8 


327.9 
340.1 


335.8 
279.6 


344.5 
182.0 


302.4 

177.8 


286.6 
215.1 


Total 


1,143.1 


957.7 


811.3 


700.3 


710.4 


665.9 


651.3 


668.0 


615.4 


526.5 


480.2 


501.7 


1948 


Gold 

U.S. Dollars 


296.0 
215.0 


305.3 
222.2 


313.5 
294.0 


322.7 
345.7 


331.2 
362.9 


340.4 
401.5 


350.7 
418.0 


359.9 
454.3 


370.9 
484.0 


380 1 

512.1 


388 9 
579.3 


401 3 
596.5 


Total 


511.0 


527.5 


607.5 


668.4 


694.1 


741.9 


768.7 


814.2 


854.9 


892.2 


968.2 


997.8 












1949 














Gold 

U.S. Dollars 


407.2 
614.7 


406.6 
637.3 

1,043.9 


408.1 
659.1 


397.7 
593.5 


409.7 
567.5 


419.3 
557.6 














Total 


1,021.9 


1,067.2 


991.2 


977.2 


976.9 





* Gold and United States Dollars held by the Exchange Fund Account, and Other Government of Canada Accounts 



99 



JUNE 1949 









IX 


-BUSINESS ACTIVITY 


















Dominion E 


ureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 


Car 
Loadings 


Value 
of 

Department 


Employ- 
ment 
Index 

(3) 


Aggregate 
Payrolls 










News- 


Central 


Index 

(3) 




Gold 


Nickel 


Steel 


print 
(i) 


Electric 

Stations"' 

Millions 


Contracts 
Awarded 




Store Sales 


Unadjusted 
June 1, 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 




Millions 


June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




of Dollars 


1941 = 100 


1941 = 100 


Annual Totals' 4 ' 






















1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


- 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3.690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 


* 


* 


















May 1949 


3,703 


132 


3,271 


5,126 


41,018 


392 


4,016 


834 


128.6 


208.4 


Monthly 

1947— Nov. 


252.2 


9.9 


255.4 


395.0 


3,227 


20.2 


356 


81.6 


129.5 


189.7 


Dec. 


274.7 


11.5 


249.8 


397.8 


3,389 


13.4 


321 


93.2 


130.7 


193.9 


1948— Jan. 


273.4 


10.8 


256.7 


399.8 


3,397 


15.0 


317 


45.1 


126.9 


178.3 


Feb. 


261.6 


9.7 


239.6 


369.4 


3,171 


15.1 


286 


45.9 


124.0 


185.7 


Mar. 


287.7 


10.5 


286.0 


416.2 


3,467 


20.5 


324 


64.5 


123.7 


189.3 


Apr. 


286.1 


13.2 


264.3 


418.2 


3,319 


33.2 


334 


65.3 


122.2 


184.8 


May 


287.1 


11.4 


289.6 


420.8 


3,455 


51.8 


325 


65.2 


122.1 


188.0 


1948— Nov. 


311.3 


12.7 


278.0 


432.1 


3,388 


29.8 


370 


89.7 


133.3 


218.0 


Dec. 


327.0 


13.0 


280.4 


420.3 


3,415 


17.8 


316 


109.7 


133.8 


219.0 


1949— Jan. 


309.0 


11.2 


284.7 


420.6 


3,407 


30.3 


300 


49.1 


128.4 


204.5 


Feb. 


307.6 


10.9 


259.3 


406.9 


3,114 


19.2 


289 


50.1 


124.8 


207.6 


Mar. 


342.7 


12.6 


298.5 


455.8 


3,602 


19.9 


330 


69.1 


123.7 


207.5 


Apr. 


325.2 


10.6 


270.0 


442.4 


3,517 


36.4 


309 


75.0 


122.9 


206.5 


May 






293.2 


442.7 


3,580 


48.2 


313 


72.2 


123.5 


206.7 



(1) Source: Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. (3) 8 Leading industries. 
First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. * 12-Months ending Apr. 194°. 



DEPARTMENT STORE SALES 

SALES DURING PERIOD 

INDEX AVERAGE HALF-YEAR 1941 = 100 

400 



CASH AND CREDIT 

PERCENTAGE DISTRIBUTION 




PERCENT 

3100 



1941 r" u' 2 ' i n i n l n 

1942 1943 194 4 1945 

* Total sales during period. Revised series after June 1945. 



I n 
1946 



1 n 
1947 



I D 
1948 




•'••••:;•:•:•'•.•.'•■:• •:■:•••■.• 

y^Ay^ ;:■■.-. 
94i i'" n'" l n 

1942 1943 

(1) January-June. (2) July-December 



JUNE 1949 

Thousands of Short Tons 



100 



X— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 








(i) 




Net 










Exports 


Total 


U.S. 


Canadian 




Increase 




en 
Canada 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 

1935 


3,083 


912 


3,995 


197 


734 


3,459 


3,345 


200 


3,545 


86 


1937 


3,998 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1946 


4,506 


771 


5,277 


13 


693 


4,597 


4,296 


248 


4,545 


53 


1947 


4,820 


826 


5,646 


129 


709 


5,065 


4,753 


275 


5,028 


37 


1948 


4,983 


867 


5,850 


267 


542 


5,576 


5,141 


306 


5,447 


129 


12-mths. ending 






















May 1949 


5,126 


896 


6,023 


297 


542 


5,778 


5,291 


319 


5,611 


168 


Monthly 

1947-Nov. 


395.0 


66.5 


461.4 


15.2 


55.9 


420.8 


450.7 


23.7 


474.4 


53.6 


Dec. 


397.8 


65.9 


463.7 


14.2 


49.3 


428.6 


429.5 


25.8 


455.3 


26.7 


1948-Jan. 


399.8 


68.4 


468.2 


14.1 


30.8 


451.5 


375.0 


24.3 


399.3 


52.2 


Feb. 


369.4 


60.9 


430.4 


17.0 


23.6 


423.8 


394.8 


23.3 


418.1 


5.7 


Mar. 


416.2 


68.2 


484.4 


24.7 


38.8 


470.3 


433.8 


25.3 


459.1 


11.2 


Apr. 


418.2 


72.5 


490.8 


20.9 


35.2 


476.5 


439.2 


24.7 


463.9 


12.6 


May 


420.8 


75.8 


496.6 


26.4 


66.8 


456.3 


447.2 


25.9 


473.1 


16.8 


1948-Nov. 


432.1 


75.5 


507.6 


21.6 


56.9 


472.3 


467.0 


25.7 


492.7 


20.3 


Dec. 


420.3 


74.8 


495.1 


32.8 


44.6 


483.3 


466.3 


27.8 


494.1 


10.8 


1949-Jan. 


420.6 


75.6 


496.3 


29.1 


39.8 


485.6 


421.1 


25.6 


446.7 


38.9 


Feb. 


406.9 


68.6 


475.5 


27.4 


30.4 


472.5 


390.8 


26.0 


416.8 


55.7 


Mar. 


455.8 


78.3 


534.1 


33.6 


42.0 


5256 


464.4 


27.4 


491.8 


33.8 


Apr. 


442.4 


75.5 


517.9 


18.3 


29.6 


506.6 


467.0 


28.9 


495.9 


10.8 


May 


442.7 


76.7 


519.5 


24.6 


53.5 


490.6 


496.5 


29.1 


525.6 


35.0 



(1) Includes Newfoundland. 



NEWSPRINT SHIPMENTS TO AND CONSUMPTION BY U. S. PUBLISHERS 



THOUSANDS Or SHORT TONS 



THOUSANDS Or SHORT TONS 



5000 



4000 



3000 



2000 



IOOO$>- : 




5000 



4000 



3000 



2000 



1000 



1936 1937 1938 

(1) Including Newfoundland 



1946 



101 



JUNE 1949 



XI- 



CANADA 

Dominion Bureau of Statistics^ 



-WHOLESALE PRICES 

Index 1935-39 - 100 
U.K. 

Board of Trade a) 



U.S.A. 

Bureau of Labor Statistics^ 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mth». 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180.6 


162.7 


154.2 


167.4 


1948 


229.6 


215.9 


202.4 


184.0 


198.7 


Monthly 












1948- Apr. 


222.1 


207.5 


198.0 


180.6 


192.6 


May 


228.4 


210.9 


199.7 


180.6 


194.6 


June 


239.1 


215.6 


205.7 


180.8 


197.0 


July 


240.0 


214.0 


205.3 


182.0 


197.1 


Aug. 


238.2 


224.9 


206.9 


188.2 


204.7 


Sept. 


236.2 


225.0 


206.6 


189.0 


205.2 


Oct. 


232.7 


226.7 


207.0 


189.0 


206.5 


Nov. 


232.4 


227.5 


206.9 


189.1 


207.1 


Dec. 


233.6 


226.3 


207.0 


189.2 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


186.6 


204.3 


May 


225.2 


220.6 


205.9 


187.0 


202.9 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


191.4 


220.8 


191.5 


222.0 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


221.1 


195.4 


228.1 


209.0 


232.9 



Farm 


Raw 




Manu- 




Products 


Materials 


Food 9 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.6 


245.7 


228.5 


223.4 


190.3 


202.0 


248.8 


231.2 


224.3 


191.4 


203.3 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.7 


217.7 


205.9 


186.1 


196.5 


224.3 


215.9 


205.9 


184.7 


194.7 


225.3 


216.1 


207.2 


182.9 


193.2 



(t) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926= 100. 

(2) Adjusted to 1935-39= 100 from base 1913 = 100 in 1929 and from base 1930= 100 thereafter. 

(3) Adjusted to 1935-39= 100 from base 1926= 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive to 
Aug. 1, 1945. 



Index 1935-39 = 100 



XII— COST OF LIVING' 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


Q 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1948— Jan. 


182.2 


120.4 


161.2 


119.9 


158.4 


122.6 


148.3 


Feb. 


186.1 


120.1 


165.1 


119.9 


159.9 


122.8 


150.1 


Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450- $2,500, with incomes between $1,000-$!. 600 most common. 



JUNE 1949 



Index 1935-39 = 100 



102 



XIII— FARM PRICES OF AGRICULTURAL PRODUCTS* 

Dominion Bureau of Statistics 








P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 


Canada 


Annual Average 






















1935 


81.4 


92.6 


80.8 


90.1 


93.2 


85.6 


83.1 


84.3 


92.7 


88.0 


1939 


104.6 


107.6 


111.4 


100.4 


99.2 


85.6 


79.9 


84.9 


98.8 


91.8 


1944 


172.7 


173.3 


171.9 


171.7 


169.1 


173.1 


171.4 


176.9 


179.7 


172.4 


1945 


196.7 


180.8 


195.3 


179.5 


174.6 


186.3 


189.4 


193.4 


187.9 


184.2 


1946 


194.2 


191.1 


207.7 


196.9 


187.9 


204.3 


209.5 


213.2 


199.0 


200.8 


1947 


180.3 


184.6 


199.6 


213.7 


202.2 


221.3 


218.3 


225.2 


206.8 


212.6 


1948 


237.9 


213.1 


250.6 


265.6 


259.5 


254.6 


239.3 


256.2 


237.9 


252.6 


Monthly 






















1948— Mar. 


233.8 


206.4 


242.3 


257.7 


240.6 


243.9 


232.7 


244.3 


220.8 


240.3 


Apr. 


240.1 


208.7 


251.1 


257.4 


242.8 


246.7 


234.7 


247.2 


226.0 


242.7 


May 


279.1 


214.7 


266.3 


263.2 


247.1 


252.4 


237.9 


251.2 


228.9 


247.6 


June 


303.2 


223.1 


288.6 


266.3 


266.7 


257.7 


242.1 


258.0 


233.3 


257.5 


July 


288.3 


231.7 


313.9 


270.6 


265.2 


259.3 


242.4 


260.5 


244.0 


259.3 


Aug. 


258.2 


231.0 


267.0 


274.0 


279.5 


258.6 


243.9 


266.0 


249.7 


264.2 


Sept. 


204.3 


215.7 


226.0 


269.8 


274.7 


261.3 


244.2 


269.6 


249.9 


261.5 


Oct. 


195.7 


206.9 


222.1 


271.4 


274.5 


259.1 


242.5 


266.1 


251.5 


260.1 


Nov. 


196.6 


205.4 


223.4 


272.0 


270.9 


260.8 


241.2 


259.1 


253.9 


257.8 


Dec. 


194.1 


208.5 


222.7 


273.9 


271.1 


261.3 


245.1 


263.5 


250.8 


259.7 


1949— Jan. 


196.5 


213.4 


227.7 


273.9 


266.8 


260.0 


243.9 


260.2 


247.2 


257.5 


Feb. 


200.5 


215.5 


224.4 


271.2 


259.9 


257.0 


240.9 


254.9 


241.9 


253.0 


Mar. 


199.9 


212.7 


223.5 


267.4 


255.7 


253.9 


240.5 


256.8 


242.4 


251.2 


Apr. 


197.9 


208.9 


219.3 


259.3 


256.0 


254.6 


241.8 


261.1 


242.4 


251.3 



* Prices received by farmers omitting storage, transportation, processing and handling charges, but including subsidies, bonuses and premiums which can be 
attributed to specific products. Revised to include retroactively participation payments on wheat and the equalization payments on oats and barley. 



Index 1935-39 = 100 



XIV— FARM OPERATING AND LIVING COSTS 

Dominion Bureau of Statistics 





Commodities Used by Farmers 


»B"«) 


"C"«> 




Imple- 
ments 


Fertilizer 


Seed 


Gasoline, 
Oil & 
Grease 


Building 

Material 


Hardware 


Feed 


Binder 
Twine 


"A" 

(Total 8 

Com- 
modities) 


Farm 
Living 
Costs 


Annual Average 

1935 
1936 
1937 
1938 
1939 


95.5 

97.8 

97.2 

104.1 

103.6 


97.0 

98.2 

101.4 

103.3 

100.2 


90.4 

100.4 

133.2 

96.7 

79.4 


105.1 

101.7 
99.7 
97.4 
96.2 


87.1 
97.3 

108.7 
98.7 

108.1 


96.4 

96.7 

101.0 

104.3 

101.6 


93.5 

97.6 

127.6 

100.8 

80.5 


89.6 
100.8 
106.4 
109.2 

93.8 


95.6 

98.7 
108.4 
101.2 

95.7 


96.9 

98.8 

105.8 

101.1 

97.0 


95.4 

98.1 

105.3 

101.7 

99.3 


97.9 

98.3 

102.9 

101.9 

99.5 


1944— Jan. 
Apr. 
Aug. 


117.1 
118.7 
118.7 


112.9 
112.9 
112.9 


136.6 
136.3 
135.7 


114.7 
114.7 
114.7 


172.1 
172.7 
174.2 


120.9 
120.9 
119.8 


124.6 
125.4 
125.3 


126.4 
126.4 
126.4 


125.6 
126.2 
126.2 


122.0 
122.5 
122.5 


142.2 
149.4 
152.2 


122.7 
123.1 

122.7 


1945— Jan. 
Apr. 
Aug. 


115.1 
115.1 
115.1 


112.9 
112.9 
112.9 


137.2 
138.8 
139.5 


114.1 
114.1 
114.4 


175.2 
175.1 

174.2 


119.8 
120.0 
119.3 


127.0 

127.8 
128.1 


126.4 
126.4 
126.4 


125.7 
126.0 
126.0 


122.6 
122.9 
122.9 


146.1 
153.4 
156.9 


122.9 
123.1 
123.7 


1946— Jan. 
Apr. 

Aug. 


117.4 
117.4 
121.6 


112.9 
112.9 
115.8 


142.5 
145.0 
142.6 


114.4 
117.3 
117.4 


174.3 
175.4 
176.0 


119.3 
120.3 
122.8 


127.9 
128.2 
128.9 


126.4 
126.4 
126.4 


126.8 
127.9 
129.4 


124.5 
125.3 
126.4 


149.7 
158.7 
162.7 


124.7 
126.1 
130.5 


1947— Jan. 
Apr. 
Aug. 


128.1 
125.4 
125.4 


120.3 
120.3 
120.8 


146.0 
168.9 
189.9 


117.7 
122.4 
123.6 


177.4 
178.8 
204.0 


124.0 

128.2 
136.9 


130.2 
142.7 
146.5 


126.4 
226.2 
226.2 


132.2 
140.1 
146.3 


130.4 
136.4 
141.0 


159.4 
172.2 
179.5 


132.3 
136.1 
146.5 


1948— Jan. 
Apr. 
Aug. 


138.8 
138.8 
147.3 


131.2 
131.2 
132.2 


252.2 
241.2 
223.4 


134.0 
137.0 
139.7 


217.7 
222.6 
234.0 


142.4 
156.1 
159.4 


202.4 
201.3 
208.2 


226.2 
294.0 
294.0 


169.8 
172.9 
176.7 


159.4 
161.7 
164.6 


189.3 
197.8 
203.7 


155.3 
163.7 
169.5 


1949— Jan. 
Apr. 


157.9 

158.4 


141.4 
141.4 


218.5 
213.2 


139.2 
139.2 


237.5 
237.4 


162.6 
165.9 


209.0 
208.3 


294.0 
304.7 


180.3 
180.5 


167.3 
167.4 


198.3 
202.9 


171.8 
173.5 



(1) "B" equals "A" (8 commodities used by farmers) plus tax rates and interest rates. (2) "C" equals "B" plus farm wage rates. 



103 



JUNE 1949 



XV— GRAINS : ACREAGE AND PRODUCTION 

Dominion Bureau of Statistics 



1941-49 



WHEAT 



OATS 



BARLEY 



RYE 



FLAXSEED 



OTHER GRAINS 



SUMMER 
FALLOW 



mm. bus. mm. acres 



mm. bus. mm. acres mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. acres 



mm. acres 



TOTAL CANADA 



1941 


314.8 


21.9 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


23.1 


66.6 


1942 


556.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943 


284.5 


16.9 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


66.8 


1944 


416.6 


23.3 


499.6 


14.3 


194.7 


7.3 


8.5 


.6 


9.7 


1.3 


74.7 


2.0 


19.4 


68.3 


1945 


318.5 


23.4 


381.6 


14.4 


157.8 


7.4 


5.9 


.5 


7.6 


1.1 


62.6 


2.0 


19.9 


68.5 


1946 


413.7 


24.5 


371.1 


12.1 


148.9 


6.3 


8.8 


.7 


6.4 


.8 


68.6 


1.8 


20.4 


66.6 


1947 


336.8 


24.3 


278.7 


11.0 


141.4 


7.5 


13.2 


1.2 


12.2 


1.6 


46.8 


1.6 


19.4 


66.6 


1948f 


393.3 


24.1 


357.7 


11.2 


154.6 


6.5 


25.3 


2.1 


17.4 


1.9 


78.4 


2.0 


20.0 


67.8 


1949** 




27.0 




10.8 




6.0 




1.2 




.5 




* 


20.6 


* 



MANITOBA 



1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


.2 


3.0 


.1 


2.8 


8.5 


1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8.3 


1943 


39.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 


.1 


2.3 


8.4 


1944 


503 


2.5 


61.0 


1.6 


54.7 


2.1 


.6 


- 


1.8 


.2 


1.9 


.1 


1.8 


8.4 


1945 


38.8 


2.1 


54.5 


1.7 


52.5 


2.1 


.4 


— 


2.8 


.3 


1.3 


.1 


2.5 


8.8 


1946 


58.0 


2.5 


50.0 


1.4 


43.0 


1.7 


.3 


- 


3.0 


.3 


.8 


- 


2.6 


8.6 


1947 


42.0 


2.5 


39.0 


1.4 


34.0 


1.9 


.6 


- 


5.2 


.6 


.6 


- 


2.2 


8.6 


1948f 


57.0 


2.4 


60.0 


1.5 


45.0 


1.5 


2.0 


.1 


10.0 


1.1 


.7 


- 


2.1 


8.7 


1949** 




3.1 




1.5 




1.6 




.1 




.2 




* 


2.1 


* 



SASKATCHEWAN 



1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


_ 


13.8 


33.0 


1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


1943 


146.0 


9.6 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


33.9 


1944 


242.1 


13.2 


198.0 


5.6 


72.0 


2.7 


4.8 


.4 


6.4 


.9 


3.8 


.1 


11.6 


34.6 


1945 


168.0 


13.6 


143.0 


5.7 


54.5 


2.7 


2.6 


.3 


3.8 


.7 


1.4 


.1 


11.7 


34.7 


1946 


208.0 


14.2 


100.0 


4.3 


43.0 


2.3 


4.0 


.4 


2.6 


.5 


.2 


- 


11.8 


33.4 


1947 


170.0 


14.2 


80.0 


4.0 


45.0 


2.8 


6.8 


.7 


4.2 


.7 


.1 


- 


11.5 


33.9 


1948J 


191.0 


14.4 


89.0 


3.7 


42.0 


2.3 


10.5 


1.2 


4.0 


.6 


.1 


- 


11.7 


33.9 


1944** 




15.7 




3.4 




2.0 




.6 




.2 




* 


12.1 


* 



ALBERTA 



1941 


98.0 


6.5 


63.8 


2.8 


28.0 


1.5 


1.9 


.2 


.8 


.1 


.9 


.1 


6.5 


17.7 


1942 


171.0 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


.2 


2.2 


.2 


2.7 


.1 


5.9 


17.9 


1943 


82.8 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.6 


2.2 


.1 


6.3 


17.8 


1944 


99.3 


6.7 


111.8 


3.2 


51.7 


1.9 


1.7 


.1 


1.2 


.2 


1.6 


.1 


6.0 


18.2 


1945 


87.7 


6.8 


76.0 


3.3 


37.0 


2.0 


1.5 


.1 


.7 


.1 


1.4 


.1 


5.7 


18.2 


1946 


127.0 


7.0 


97.0 


2.8 


48.0 


1.8 


2.9 


.2 


.6 


.1 


.7 


- 


6.0 


17.8 


1947 


103.0 


6.6 


75.0 


2.5 


52.0 


2.4 


4.3 


.3 


2.2 


.3 


.4 


- 


5.8 


17.9 


1948f 


115.0 


6.3 


75.0 


2.4 


55.0 


2.2 


9.9 


.6 


2.5 


.2 


1.1 


- 


6.2 


17.9 


1949** 




7.2 




2.0 




2.0 




.4 




.1 




* 


6.4 


* 















OTHER 


PROVINCES 














1941 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 


.1 


.1 





62.4 


1.9 


* 


7.5 


1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


- 


80.8 


2.0 


* 


7.7 


1943 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 


.1 


.3 


- 


43.4 


1.7 


* 


6.7 


1944 


24.9 


.8 


128.8 


3.9 


16.3 


.5 


1.4 


.1 


.3 


- 


67.4 


1.8 


* 


7.2 


1945 


23.9 


.8 


108.1 


3.6 


13.8 


.5 


1.4 


.1 


.3 


— 


58.5 


1.8 


* 


6.8 


1946 


20.7 


.7 


124.1 


3.6 


14.9 


.5 


1.5 


.1 


.2 


- 


66.9 


1.7 


* 


6.6 


1947 


21.8 


.9 


84.7 


3.2 


10.4 


.4 


1.6 


.1 


.7 


.1 


45.7 


1.6 


* 


6.2 


1948f 


30.3 


1.1 


133.7 


3.7 


12.6 


.4 


3.0 


.1 


.9 


.1 


76.5 


1.9 


* 


7.3 


1949** 




1.0 




3.9 




.4 




.1 




- 




* 


* 


* 



(1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces only. * Not available, t Revised estimate. ** Preliminary. 



JUNE 1949 104 

XVI— AVERAGE HOURLY & WEEKLY EARNINGS & HOURS WORKED IN MANUFACTURING* 

HOURLY-RATED WAGE-EARNERS 

Dominion Bureau of Statistics 



AVERAGE HOURLY EARNINGS'" 
Cents 



All Manu- 
U factures 



Average of months 

1945 
1946 
1947 
1948 

1st of Monthf 

1947— Nov. 
Dec. 

1948— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1949— Jan. 
Feb. 
Mar. 
Apr. 






69.4 
70.0 
SO. 3 
91.3 

84.7 
85.6 

86.6 
86.6 
88.0 
89.0 
89.4 
91.4 
92.3 
92.7 
93.4 
94.6 
95.5 
96.0 

97.2 

97.2 
97.6 
98.1 



Durable 
Goods 



76.8 
76.4 
87.2 
98.4 

91.9 
92.8 

92.9 

93.2 

95.0 

95.6 

96.2 

98.4 

99.2 

99.8 

100.9 

102.6 

103.4 

104.1 

104.8 
105.0 
105.3 
105.7 



Non-Durable 
Goods 



60.8 
63.8 
73.4 
84.0 

77.6 

78.3 

80.0 
80.1 
80.8 
82.1 
82.4 
84.4 
85.2 
85.6 
85.8 
86.6 
87.6 
87.7 

89.3 
89.3 
89.6 
90.2 



AVERAGE HOURS WORKED 



All Manu- 
factures 



44.3 
42.7 
42.5 
42.2 

42.9 
43.5 

38.3 
42.8 
43.2 
41.6 
43.1 
41.7 
42.0 
42.1 
41.7 
43.0 
43.1 
43.2 

40.6 
42.9 
43.0 
42.9 



Durable 
Goods 



44.7 
42.8 
42.7 
42.3 

43.2 

43.8 

38.5 

42.7 
43.4 
41.8 
43.4 
41.6 
42.3 
42.0 
42.0 
43.3 
43.2 
43.4 

41.0 
43.2 
43.2 
43.2 



Non-Durable 
Goods 



43.8 
42.6 
42.3 
42.0 

42.7 
43.2 

38.1 
42.8 
43.0 
41.4 
42.7 
41.7 
41.6 
42.1 
41.5 
42.7 
43.1 
43.1 

40.2 
42.7 
42.7 
42.6 



AVERAGE WEEKLY EARNINGS*" 
Dollars 



All Manu- 
factures 



30.71 
29.87 
34.16 
38.49 

36.34 
37.24 

33.17 
37.06 
38.02 
37.02 
38.53 
38.11 
38.77 
39.03 
38.95 
40.68 
41.16 
41.47 

39.46 
41.70 
41.97 

42.08 



Durable 
Goods 



34.30 
32.68 
37.25 

41.72 

39.70 
40.65 

35.77 
39.80 
41.23 
39.96 

41.75 
40.93 
41.96 
41.92 
42.38 
44.43 
44.67 
45.18 

42.97 
45.36 
45.49 
45.66 



Non-Durable 
Goods 



26.59 
27.18 
31.07 
35.29 

33.14 
33.83 

30.48 
34.28 
34.74 
33.99 
35.18 
35.19 
35.44 
36.04 
35.61 
36.98 
37.76 
37.80 

35.90 
38.13 
38.26 
38.43 



* Covers establishments usually employing not less than IS persons and includes overtime and part-time workers. 
t As reported for last week of the previous month. 
(I) Gross earnings before deductions for taxes, unemployment insurance, etc. 

INDEXES OF AVERAGE HOURLY AND WEEKLY EARNINGS IN MANUFACTURING 



INDEX DEC. 1945=100 



MONTHLY'" 



INDEX DEC. 1945 = 100 






140 



130 



120 



110 



100 



/ 



/ 



HOURLY EARNINGS- 



/ 



,S 



HOURLY EARNINGS ADJUSTED 
BY COST OF LIVING INDEX 




/' 



WEEKLY EARNINGS- 



/ 









^ 



WEEKLY EARNINGS ADJUSTED 
-BY COST OF LIVING INDEX 



M J 

1948 



M J 
1949 




140 



130 



120 



100 



(i) 



1st of month figures for the last week of the previous month. So far as weekly wages are concerned, Jan. 1st figures are affected by loss of working 
time during the holiday season and the average of Dec. 1st and Feb. 1st has been used. (2) Earnings index divided by cost of living index. 



105 



JUNE 1949 



Millions of Dollars 



XVII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS"'* 









TOTAL EXPORTS (EXCLUDING GOLD) TO 












U.K. 


Union 


Other 


Western 


Central 


All 






U.S.A. 


U.K. 


Dependen- 


of 


British 


Europe & 


and 




All 








cies 


South 
Africa 


Countries 
(3) 


Colonies 

(4) 


South 
America 


(5) 


Countries 


Calendar Years 


















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 




















May 1949 


1,555 


665 


85 


86 


145 


295 


128 


144 


3,104 


Monthly 




















1948-Feb. 


96.4 


61.5 


5.6 


3.2 


7.1 


22.0 


9.7 


12.3 


217.8 


Mar. 


114.0 


61.8 


8.1 


4.4 


5.4 


17.4 


9.0 


11.2 


231.3 


Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


• 50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949-Jan. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.8 


Mar. 


123.4 


44.6 


7.2 


4.9 


13.6 


12.1 


10.0 


10.0 


225.8 


Apr. 


111.9 


58.4 


5.7 


6.5 


13.1 


22.3 


10.5 


6.5 


234.8 


May (6) 


122.9 


74.3 


7.9 


11.9 


12.3 


26.6 


12.6 


6.9 


275.5 



Millions of Dollars 



MERCHANDISE IMPORTS 



(J)* 





TOTAL IMPORTS (EXCLUDING GOLD) FROM 








U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U. K. 


Dependen- 


of 


British 


Europe & 


AND 




All 






(2) 




South 


Countries 


Colonies 


South 














Africa 


(3) 


(4) 


America 


(5) 




Calendar Years 




















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















Apr. 1949 


1,881 


320 


110 


4 


88 


85 


208 


37 


2,733 


Monthly 




















1948-Feb. 


136.8 


17.8 


3.4 


.2 


4.0 


4.0 


14.1 


1.7 


182.1 


Mar. 


138.3 


21.6 


5.6 


.3 


4.8 


5.3 


19.1 


2.0 


197.0 


Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24.0 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


1949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 


Feb. 


148.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 


Mar. 


169.0 


28.3 


7.6 


.6 


7.1 


7.2 


14.0 


2.1 


235.9 


Apr. (6) 


177.3 


30.1 


7.7 


.5 


6.1 


7.2 


11.7 


2.1 


242.7 



Net- 

Non- 

Monetary 

Gold 

Exports 



96 

99 

119 

127 

8.9 
8.7 
9.5 
8.8 
9.6 

10.8 
9.7 

11.9 
9.6 
9.1 

12.9 
9.7 
9.6 

12.1 
9.8 

12.4 



Excess of 
Merch- 
andise 
Exports 

over 
Merch- 
andise 
Imports 



(1) 

n, 



Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other'' 
category, disappears. 

Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 
Imports from the United Kingdom do not include articles imported for 



the use of the armed forces of the United Kingdom. In the years 1946 and (6) Preliminary. 



1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland, 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(5) Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 
1949 



JUNE 1949 



106 



MERCHANDISE TRADE" 



MILLIONS OF DOLLARS 



EXPORTS, IMPORTS AND BALANCE 

RUNNING 12-MONTH TOTALS 



MILLIONS OF DOLLARS 



2000 



1800 



1600 



1400 



1200 




1000 



1000 



1947 1943 

* Excluding gold. See footnotes to table on page 105. 




1949 



1947 



1948 



1949 



107 



Millions of Dollars 



JUNE 1949 
XVIII— MERCHANDISE EXPORT 

Compiled from "Trade of Cat 



Calendar 
Years 


Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 
Flourd) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 
and 

Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 




4 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 


1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


37 


17 


1948 


21 


382 


23 


74 


74 


70 


65 


12 


18 


39 


50 


12-Mths. ending 
























Apr. 1949 


21 


408 


25 


64 


80 


43 


58 


11 


19 


32 


58 


Monthly 

1948-Feb. 


1.3 


29.5 


.4 


5.5 


1.1 


6.4 


5.0 


.1 


.6 


4.7 


3.1 


Mar. 


1.1 


28.6 


.8 


3.9 


1.7 


10.3 


3.9 


.1 


.6 


4.3 


2.3 


Apr. 


.4 


26.6 


.2 


3.4 


2.3 


9.8 


3.0 


.1 


.5 


.9 


1.2 


May 


.6 


36.0 


1.5 


5.3 


2.8 


13.8 


2.5 


.1 


1.0 


4.3 


3.2 


June 


.7 


28.8 


1.5 


6.2 


3.3 


5.7 


1.6 


- 


2.0 


2.5 


3.3 


July 


1.5 


25.8 


1.6 


3.4 


3.0 


3.6 


2.1 


.1 


1.8 


3.6 


2.0 


Aug. 


1.1 


21.9 


1.3 


2.4 


5.0 


3.0 


3.1 


.5 


2.9 


2.2 


1.8 


Sept. 


2.5 


28.3 


1.7 


6.2 


19.3 


2.5 


11.0 


4.0 


2.6 


3.8 


3.1 


Oct. 


3.6 


38.1 


2.2 


6.4 


14.0 


2.7 


9.0 


3.0 


2.3 


5.9 


4.0 


Nov. 


3.3 


44.6 


5.5 


8.2 


14.2 


1.7 


10.2 


2.1 


1.7 


2.4 


8.5 


Dec. 


3.3 


37.9 


5.5 


• 15.2 


5.9 


2.9 


7.5 


.7 


1.4 


.9 


11.2 


1949-Jan. 


2.0 


41.0 


1.4 


1.4 


2.6 


3.0 


4.5 


- 


1.2 


3.1 


5.3 


Feb. 


1.2 


32.6 


1.2 


1.9 


2.2 


1.6 


2.3 


- 


1.1 


2.1 


5.2 


Mar. 


.9 


35.9 


1.1 


2.0 


3.7 


1.2 


2.6 


- 


.7 


.2 


5.3 


Apr. 


.6 


37.5 


.8 


5.0 


3.9 


1.5 


2.1 


.5 


.5 


.8 


4.8 



Calendar 
Years 


Artificial 
Silk 


Other 

Fibres 

& Textiles 

(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 

20 


Machinery 

(excl. 
agriculture) 


Autos, 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 
Products 


Copper 

and 
Products 


Lead 

and 

Products 


Ni 

a 

Pro. 


1929 




8 


7 


47 


_ 


16 


3 


15 


37 


11 


; 


1932 


" 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 




1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


' 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


, 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


1 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 




12-Mths. ending 


























Apr. 1949 


5 


33 


89 


37 


50 


24 


100 


16 


95 


83 


41 


• 


Monthly 

1948-Feb. 


.7 


1.9 


5.4 


3.0 


3.7 


.8 


7.3 


1.2 


8.8 


7.0 


1.1 


5 


Mar. 


.7 


2.2 


6.2 


4.1 


4.5 


1.2 


5.3 


1.5 


7.2 


5.7 


2.9 


5 


Apr. 


.8 


2.5 


6.9 


3.0 


5.7 


1.2 


6.4 


1.7 


7.0 


4.3 


2.3 


6 


May 


.8 


2.9 


6.3 


3.4 


4.4 


2.1 


9.8 


1.9 


14.9 


9.4 


3.1 


7 


June 


.7 


3.3 


5.8 


2.8 


4.2 


2.4 


7.4 


1.5 


7.6 


5.1 


1.3 


4 


July 


.6 


4.5 


6.7 


2.9 


4.6 


2.5 


6.6 


1.1 


8.5 


5.8 


2.9 


5 


Aug. 


.4 


4.0 


4.4 


2.5 


3.7 


2.1 


5.3 


1.2 


8.8 


6.2 


3.5 


6 


Sept. 


.4 


3.0 


6.9 


3.7 


1.3 


2.6 


7.5 


1.2 


7.5 


6.9 


3.7 


5 


Oct. 


.5 


3.0 


7.2 


3.3 


4.9 


2.2 


8.4 


1.2 


9.8 


7.6 


2.8 


fj 


Nov. 


.4 


2.5 


5.2 


3.5 


5.6 


1.6 


10.2 


1.3 


9.2 


6.5 


4.7 


5 


Dec. 


.3 


2.6 


7.4 


4.4 


8.7 


1.8 


11.6 


1.7 


5.3 


8.1 


4.0 


7 


1949-Jan. 


.2 


2.6 


7.8 


2.2 


4.3 


1.7 


9.1 


1.1 


5.5 


8.5 


6.0 


7 


Feb. 


.1 


1.7 


8.1 


2.5 


2.3 


1.2 


7.6 


1.1 


5.1 


4.6 


2.4 


8 


Mar. 


.2 


1.9 


11.9 


2.8 


1.9 


2.1 


8.9 


1.3 


6.2 


6.6 


2.0 


8 


Apr. 


.2 


1.2 


11.5 


3.1 


3.6 


1.7 


7.6 


1.0 


6.9 


7.7 


4.6 


1U 



(1) In the case of wheat for 1937, 46, 47, 48 & 49 export clearance figures are based on Board of Grain Commissioners rather than Customs data. (2) Made C™ 
1680, 1700. 1710, 2005, 201S, 2020, 2025, 2060, 2065, 2070, 2075, 2080, 2085. 2090, 2095, 2100-2110, 2490, 2500-2525. 2750, 2795, 2805, 2810, 2825, 2840, 2845 ™ 



JUNE 1949 
IfVIMODITY CLASSIFICATION 

Aiinion Bureau of Statistics 



108 



Millions of Dollars 





i and 


Fish 

(canned & 

salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
synthetic) 


Calendar 
Years 




2 


24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


1929 


7 


11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 





16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 




1 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 




18 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 




5 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1948 

12-Mths. ending 




1 


37 


24 


23 


177 


44 


204 


396 


30 


52 


32 


32 


Apr. 1949 




il 


6.6 


2.2 


2.1 


15.4 


2.7 


14.8 


24.9 


2.4 


5.1 


2.1 


2.4 


Monthly 

Feb.-1948 




14 


3.2 


1.9 


2.9 


15.4 


2.9 


18.1 


32.0 


2.6 


4.3 


1.9 


3.0 


Mar. 




15 


2.5 


2.1 


1.2 


14.6 


1.9 


18.9 


29.1 


2.8 


5.7 


2.0 


2.1 


Apr. 




5 


2.3 


2.7 


2.0 


16.3 


2.5 


19.8 


33.8 


3.8 


5.8 


2.2 


3.2 


May 




9 


2.1 


2.5 


2.3 


15.5 


3.9 


17.9 


30.5 


2.9 


4.6 


1.7 


2.8 


June 




14 


2.9 


1.5 


2.5 


17.3 


5.3 


18.8 


31.0 


2.5 


4.8 


2.5 


3.1 


July 




4 


2.3 


1.8 


1.7 


17.3 


4.0 


16.2 


31.8 


2.9 


5.1 


2.1 


2.5 


Aug. 




1 


3.0 


2.0 


3.8 


21.3 


6.0 


19.1 


36.9 


2.8 


4.7 


2.4 


3.0 


Sept. 




15 


3.8 


.6 


2.2 


17.4 


4.7 


17.2 


33.0 


2.6 


5.0 


2.9 


2.8 


Oct. 




6 


3.7 


.7 


2.2 


15.5 


3.9 


17.6 


34.5 


2.8 


4.8 


3.9 


2.8 


Nov. 




17 


3.2 


2.3 


1.4 


13.2 


3.0 


18.1 


37.7 


2.9 


5.0 


3.1 


2.8 


Dec. 




5 


3.4 


3.9 


1.5 


11.1 


2.8 


15.2 


29.9 


1.9 


2.8 


3.1 


2.0 


Jan. -1949 




1 


3.2 


2.5 


1.0 


10.2 


3.3 


15.4 


30.4 


1.4 


2.6 


2.1 


2.2 


Feb. 




8 



3.6 


2.1 


1.4 


11.1 


3.0 


15.6 


33.7 


1.6 


3.2 


3.4 


2.4 


Mar. 




3.2 


1.5 


1.4 


10.9 


1.3 


12.9 


32.4 


1.9 


3.6 


2.7 


2.7 


Apr. 




OI1S 

Ills 

M) 


Zinc 

and 

Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 

Non- 

metallic 

Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


All 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold) 


Calendar 
Years 




2 


9 


5 


13 


17 


7 


14 


1 




33 


37 


1,190 


1929 




3 


4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 




3 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


j 


1 


28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 


l( 


3 


30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 


<' 


) 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 




























12-Mths. ending 


■ 




53 


21 


37 


54 


40 


41 


88 


9 


92 


124 


3,208 


Apr. 1949 




2 


1.4 


1.5 


2.7 


2.2 


2.7 


3.1 


1.5 


1.2 


5.9 


8.9 


224.7 


Monthly 

Feb.- 1948 




) 


3.3 


1.7 


3.2 


3.2 


2.6 


3.6 


1.4 


1.4 


6.7 


8.7 


237.4 


Mar. 




I 


3.4 


1.5 


3.4 


3.9 


4.0 


3.3 


1.8 


1.5 


7.1 


9.5 


229.2 


Apr. 


1 ) 


4.0 


2.6 


3.7 


5.3 


3.8 


5.3 


4.0 


1.4 


9.3 


8.8 


292.3 


May 


' ) 


3.0 


1.4 


3.7 


4.1 


1.6 


4.0 


8.9 


1.2 


7.5 


9.6 


245.0 


June 


1 > 


2.9 


2.1 


3.3 


4.3 


2.7 


3.7 


17.7 


.4 


8.2 


10.8 


259.8 


July 


) I 


4.5 


1.7 


3.5 


3.9 


3.7 


3.3 


3.3 


.7 


7.3 


9.7 


233.0 


Aug. 


5 $ 


4.3 


1.6 


3.8 


6.3 


3.4 


3.5 


4.2 


.9 


8.3 


11.9 


299.1 


Sept. 


5 2 


5.1 


2.1 


4.0 


5.3 


2.2 


3.6 


16.8 


.5 


7.1 


9.6 


306.7 


Oct. 


i ) 


4.0 


2.6 


3.8 


5.7 


3.3 


3.2 


.1 


.8 


8.6 


9.1 


302.6 


Nov. 


i 2 


4.9 


1.6 


4.3 


5.4 


2.8 


3.2 


22.5 


.6 


9.9 


12.9 


327.5 


Dec. 


: ) 


5.8 


1.1 


2.8 


3.6 


3.7 


2.7 


.7 


.3 


7.8 


9.7 


248.0 


Jan. -1949 




3.7 


.9 


2.2 


3.4 


3.2 


2.6 


2.5 


.4 


6.3 


9.6 


216.3 


Feb. 


\;2 i 


5.4 


1.2 


!9 


3.5 


4.7 


2.7 


.6 


.5 


5.9 


12.1 


235.6 


Mar. 




l " 


5.2 


1.5 


.9 


3.1 


4.9 


3.1 


7.2 


1.2 


6.0 


9.8 


242.1 


Apr. 



1% i items listed in "Trade of Canada" under code numbers 180, 600. 610, 690, 
S"2860, 3160-3187. 



10, 790, 1170, 1500-1590, 1610, 1620, 1630, 1640, 1645, 1650, 1660, 1670, 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada : 

Liabilities and Assets 109-110 

Chartered Banks: Canadian Deposits 109 

Chartered Banks: Current Loans to the Public in Canada . . 110 

II Chartered Banks: 

Liabilities and Assets . . . .• 111-112 

III Money Supply and Related Bank Assets 111-112 

IV Security Prices: 

Government Securities Payable in Canada only 113 

Yields of Government of Canada Bonds, Payable in Canada only, 113 

Government Securities, Canada, U.K. and U.S. A 114 

Yields of Government Bonds, Canada, U.K. and U.S.A. ... 114 

V Bond Issues and Retirements 115 

VI Business Activity 116 

Business Activity 116 

VII Wholesale Prices 117 

Wholesale Prices: Raw Materials and Manufactures . . . . 117 

VIII Cost of Living 118 

IX Cash Income from the Sale of Farm Products 118 

X Merchandise Imports: Commodity Classification 119-120 

XI Exports and Imports by Countries 121 

XII U.S.A. Statistics: 

Employment, Production, Construction, Inventories, 

Income and Prices 122 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JULY 1949 



109 



9 
















JULY 


' 1949 




Millions of Dollars 


















l-Bl 






LIABILITIES 






Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits' 1 ' 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


To 

Liabi 

c 

Ass 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 




Average of 






















Month-end Figures 






















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2! 




1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4< 




1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,41 




1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8 




1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8 




1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,9 


■ 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9 




End of 






















1948— Jan. 


147.2 


538.3 


685.5 


44.6 


60.6 


- 


1,010.3 


41.6 


1,8 




Feb. 


135.7 


531.8 


667.5 


60.8 


75.0 


.6 


1,020.6 


23.4 


1,8 




Mar. 


166.9 


519.2 


686.1 


42.2 


86.7 


.1 


1,013.9 


25.8 


1,8 




Apr. 


140.5 


558.9 


699.4 


57.9 


126.0 


.2 


1,042.5 


26.7 


1,9 




May 


170.2 


547.3 


717.5 


135.9 


95.8 


.5 


1,025.5 


31.5 


2,0 




June 


157.2 


517.0 


674.2 


138.4 


107.2 


.2 


1,049.3 


31.5 


2,0 




1949— Jan. 


182.2 


545.1 


727.3 


141.8 


86.8 


_ 


1,047.0 


42.5 


2,0 




Feb. 


167.4 


531.0 


698.4 


178.4 


79.6 


.4 


1,054.5 


25.3 


2,0 




Mar. 


165.8 


540.3 


706.1 


62.6 


84.8 


87.3 


1,079.5 


31.7 


2,0 




Apr. 


161.7 


587.3 


749.0 


115.1 


80.8 


66.1 


1,103.0 


26.9 


2,1 




May 


193.5 


571.2 


764.7 


101.4 


65.2 


61.4 


1,070.3 


35.2 


2,0 




June 


154.9 


568.3 


723.2 


112.2 


73.7 


67.7 


1,115.1 


44.1 


2,11 





(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. ^May 1 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the 



CHARTERED BANKS : CANADIAN DEPOSITS 



MLLIONS OF DOLLARS 

7200 



7000 



MILLIONS OF DOLLARS 




6800 



6600 



6400 



6200-=-- 



6000 



Dec. JAN FEB. MAR APR MAY JUNE JULY AUG SEPT OCT. NOV. DEC. 



JULY 1949 



110 



I CANADA 



Millions of Dollars 







ASSETS 








1 










Securities 










1 




Foreign ' 
Currencies 














All 




i 


Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 
^ Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 


Other 
Accounts 




Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


1.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


2.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


0.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


k 




• 


• 


• 






• 








- 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


- 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


- 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


- 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 


h 


— 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 


h 


- 


- 


931.3 


863.2 


25.0 


- 


1,819.5 


- 


23.2 


Jan. — 1948 


h 


- 


.8 


974.4 


825.7 


25.0 


- 


1,825.1 


- 


22.0 


Feb. 


h 


- 


.3 


985.2 


806.7 


25.0 


- 


1,817.0 


- 


37.6 


Mar. 


h 


- 


.3 


1,124.1 


767.8 


25.0 


- 


1,916.9 


- 


35.4 


Apr. 


h 


- 


.6 


1,179.7 


775.0 


25.0 


- 


1,979.7 


- 


26.5 


May 


h 


- 


.3 


1,152.9 


790.9 


25.0 


- 


1,968.8 


- 


31.7 


June 


h 


- 


.1 


1,188.3 


806.9 


25.0 


— 


2,020.2 


_ 


25.1 


Jan. — 1949 


h 


- 


.5 


1,180.5 


800.7 


25.0 


- 


2,006.2 


- 


29.8 


Feb. 


h 


- 


82.4 


1,087.1 


812.1 


25.0 


5.0 


1,929.1 


- 


40.4 


Mar. 


- 


- 


61.1 


1,199.0 


822.9 


25.0 


5.0 


2,051.9 


- 


27.8 


Apr. 


2J - 


- 


56.5 


1,148.1 


836.2 


25.0 


5.0 


2,014.3 


- 


27.4 


May 


!J - 




62.8 


1,379.6 


636.8 


25.0 


5.0 


2,046.4 


— 


26.8 


June 



ent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under 
ge Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



2300 



2100 



1900 — ^— ^.^ a 



1700 



1500 





MONTH-EN 


D FIGURES 


/^ 




1949 


?y^~ 


1948 v 


/ - 










_^ 








x 1947 





























2300 



2100 



1900 



1700 



1500. 



DEC JAN. FEB MAR. APR. MAY JUNE JULY AUG SEPT OCT. NOV DEC 



Ill 



JULY 1949 



Millions of Dollars 



II— CHAFI 

Bail 





LIABILITIES 








Notes 


Deposits 


Cash 


Securities 










Govt, of 


Canadian 




Total 


Govt, of 


Canada 


Foreign 
Govt. 










Demand 


Notice 


Canada 


Deposits 


Foreign 


Deposits 

(2) 




and Provincial 


Ot 












and Prov. 






Under2yrs. 


Over 2 yrs. 






Average of 




























Month-end figures 




























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


« 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


ii 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


2 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


2 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290 


41 1 


1948 

End of 

1948-Jan. 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


5 


18 


2,073 


3,824 


383 


6,339 


809 


7,255 


686 


837 


2,360 


263 


5! 


r; 


Feb. 


18 


2,105 


3,881 


241 


6,281 


801 


7,203 


668 


820 


2,372 


264 


5 


Mar. 


18 


2,201 


3,927 


272 


6,458 


802 


7,378 


686 


835 


2,399 


260 


5: H 


Apr. 


18 


2,223 


3,951 


290 


6,525 


797 


7,431 


699 


829 


2,436 


264 


Si r: 


May 


17 


2,182 


3,955 


319 


6,522 


827 


7,457 


717 


829 


2,425 


266 


5 


June 


17 


2,214 


3,936 


379 


6,591 


838 


7,534 


674 


952 


2,382 


266 


5! ■: 


1949-Jan. 


16 


2,337 


4,118 


487 


6,999 


800 


7,885 


727 


932 


2,549 


238 


s n 


Feb. 


16 


2,289 


4,159 


508 


7,017 


799 


7,902 


698 


939 


2,587 


226 


S I 


Mar. 


15 


2,281 


4,264 


382 


6,998 


787 


7,870 


706 


884 


2,616 


223 


£1 1 


Apr.* 


15 


2,288 


4,339 


402 


7,103 


708 


7,898 


749 


812 


2,660 


233 


I I 


May 


15 


2,284 


4,339 


508 


7,233 


724 


8,049 


765 


853 


2,686 


235 


, r 


June 


15 


2,319 


4,330 


534 


7,287 


722 


8,112 


723 


1,079 


2,513 


240 


I 


*As from April 1, 19 


49, statisti 


cs of Newfoi 


indland Bra 


iches of Cha 


rtered Bank 


s are included as Canada. (1) Estimated mon 


th-end deposits payable in Ci 


after that date: Ban 


k of Cana( 


ia Notes an 


i Deposits. 


(4) Figures 


given are annual averages of estimated month 


•end Canadian deposits in 1926-35 and m 


1944, an approximat 


e figure on 


y. 


































III— MONEY SUPPLY 


Mil.li.nnx ni Dnlla 


rs 








MONEY 


SUPPLY 










Bo 



As at Dec. 31 

1938 
1940 
1944 
1945 
1946 
1947 
1948 

End of 

1948-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 



1949 



-Jan. 
Feb. 
Mar 
Apr.* 
May 
June 



Currency 
Outside Banks 



Notes (1) 



207 

341 

930 

992 

1,031 

1,046 

1,115 

1,028 
1,038 
1,032 
1,060 
1,043 
1,067 

1,063 
1,070 
1,095 
1,118 
1,085 
1,130 



Coin"' 



31 
38 
60 
63 
65 
66 
70 

65 
66 
66 
66 
67 
67 

68 
69 
69 
70 
70 
71 



Total 



238 
379 
990 
1,055 
1,096 
1,112 
1,185 

1,093 
1,104 
1,098 
1,126 
1,110 
1,134 

1,131 
1,139 
1,164 
1,188 
1,155 
1,201 



Bank Deposits 



Chartered Banks 



Demand (3) 



734 
1,031 
1,862 
2,063 
2,291 
2,296 
2,544 

2,073 
2,105 
2,201 
2,223 
2,182 
2,214 

2,337 

2,289 
2,281 
2,288 
2,284 
2,319 



Active 
Noticed 



187 
203 
363 
474 
614 
597 
649 

609 
620 
629 
629 
630 
628 

634 
640 
659 
672 
671 
670 



Other' 5 ' 
excl. Govt. 
of Canada 



42 
112 
153 
172 
229 
233 
276 

214 
220 
263 

281 
269 
286 

266 
260 
287 
300 
315 
317 



Total 



963 

1,346 
2,378 
2,709 
3,134 
3,126 
3,469 

2,896 
2,945 
3,093 
3,133 
3,081 
3,128 

3,237 
3,189 
3,227 
3,259 
3,270 
3,306 



Deduct 
Float™ 



116 
172 
243 
280 
328 
362 
400 

232 
230 
345 
333 
317 
339 

293 
317 
335 
277 
335 
394 



Net 
Total 



847 
1,174 
2,135 
2,429 
2,806 
2,764 
3,069 

2,664 
2,715 
2,748 
2,800 
2,764 
2,789 

2,944 
2,872 
2,892 
2,982 
2,935 
2,912 



Bank of 
Canada 
"Other" 
Deposits 

(7) 



3 
10 

28 
30 
94 
68 
81 

61 
75 

87 
126 

96 
107 

87 
80 
85 
81 
65 
74 



Total 



850 
1,184 
2,163 
2,459 
2,900 
2,832 
3,150 

2,725 
2,790 
2,835 
2,926 
2,860 
2,896 

3,031 
2,952 
2,977 
3,063 
3,000 
2,986 



Mont 
Supp 



1,08 
1,56 
3,15 
3,51 
3,99 
3,94 
4,32 

3,81 
3,8£ 
3,92 
4,0E 
3,9/ 
4,02 

4,H 
4,0! 
4,1< 
4,2f 
4,15 
4,1« 



* See note (*) above. 

(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by charterrd banks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



; 



(5) Chartered banks' Canadian dollar deposits of provincial governrm 
Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end retur; 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published month- 
statements — i.e. excluding Government of Canada, chartered b.' ■ 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the amoui >f 
foreign currency deposit liabilities. 

■IB. 



JULY 1949 

Jd banks 

ada 



112 



Millions of Dollars 



ASSETS 



:>tal 



499 

S96 

126 

'287 

«108 

-120 

:?72 

)68 
)36 
)72 
)66 
143 

511 
522 
J85 
567 
142 
196 



Loans 



CANADA 



Call 



267 
117 

107 

132 

104 

81 

77 
70 
65 
76 
80 
84 

90 

108 

81 

90 

74 

72 



Current 
Public 



1,343 
1,032 
732 
1,223 
1,693 
1,923 

1,891 
1,861 
1,844 
1,851 
1,858 
1,867 

2,054 
2,033 
2,026 
2,093 
2,085 
2,085 



Current 
Other 



112 

165 

117 

44 

54 

75 

62 
72 
77 
79 
67 
63 

77 
86 
103 
106 
117 
110 



ABROAD 



Call 



301 
84 
68 
87 
76 
74 

58 
73 
76 

74 
74 
80 

73 
79 
79 
85 
78 
94 



Current 



248 
172 
165 
155 
198 
234 

236 
224 
222 
221 
224 
231 

244 
247 
239 
213 
215 
215 



Total 
Assets 



3,528 
2,869 
3,317 
7,430 
7,811 
8,140 

7,825 
7,775 
7,949 
8,010 
8,033 
8,106 

8,458 
8,466 
8,426 
8,452 
8,604 
8,668 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in o) 
Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 
Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


738 


6,377 


11.6 


1,006 


Jan. -1948 


690 


6,299 


11.0 


1,008 


Feb. 


682 


6,251 


10.9 


1,023 


Mar. 


712 


6,375 


11.2 


1,029 


Apr. 


706 


6,444 


11.0 


1,036 


May 


699 


6,427 


10.9 


1,037 


June 


748 


6,997 


10.7 


1,062 


Jan.- 1949 


719 


6,939 


10.4 


1,055 


Feb. 


707 


6,859 


10.3 


1,075 


Mar. 


706 


7,064 


10.0 


1,094 


Apr.* 


765 


7,090 


10.8 


1,083 


May 


769 


7,138 


10.8 


1,084 


June 



icy. (2) Includes inter-bank deposits. 
e Canadian deposits in 1936 and after. 



(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; 
(5) Bank of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 



.ATED BANK ASSETS 

da 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 



Government of Canada Securities, Gold and Exchange 



■ 



s at Dec. 31 

1938 
1940 
1944 
1945 
1946 
I 1947 
1948 

End of 

48-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 

'49-Jan. 
Feb. 
Mar. 
Apr. : 
May 
June 



s 



Bank of' 8 ' 

Canada 

Gold and 

Exchange 



214 
38 



Banking' 9 ' 
Securities 



196 
743 
2,321 
1,696 
1,476 
811 
1,138 

832 

882 
1,068 
1,158 
1,175 
1,178 

1,094 
1,099 
992 
1,041 
1,030 
1,034 



Other Govt. Securities 



Bonds' 10 ' 



753 

737 
2,006 
3,241 
3,745 
3,718 
3,834 

3,706 
3,655 
3,512 
3,558 
3,591 
3,645 

3,919 
3,944 
3,998 
4,048 
4,091 
4,176 



Victory" 1 ' 

Loan 
Advances 



271 
411 



Total 



753 

737 
2,277 
3,652 
3,745 
3,718 
3,834 

3,706 
3,655 
3,512 
3,558 
3,591 
3,645 

3,919 
3,944 
3,998 
4,048 
4,091 
4,176 



Total 



1,163 
1,518 
4,598 
5,348 
5,221 
4,529 
4,972 

4,538 
4,537 
4,580 
4,716 
4,766 
4,823 

5,013 
5,043 
4,990 
5,089 
5,121 
5,210 



Deduct 

Govt. 

Deposits 



79 
32 
720 
1,002 
366 
272 
320 

272 
137 
111 
128 
251 
294 

420 

487 
229 
292 
397 
433 



Net 
Total 



1,084 
1,486 
3,878 
4,346 
4,855 
4,257 
4,652 

4,266 
4,400 
4,469 
4,588 
4,515 
4,529 

4,593 
4,556 
4,761 
4,797 
4,724 
4,777 



All other 
Loans 
and 
Invest- 
ments 

(U) 



1,628 
1,720 
1,593 
1,827 
2,297 
3,084 
3,341 

3,020 
2,995 
3,000 
3,015 
3,020 
3,036 

3,302 

3,286 
3,206 
3,282 
3,271 
3,265 



Deduct 
Inactive 

Notice 
Deposits 



1,472 
1,438 
2,060 
2,391 
2,856 
3,143 
3,408 

3,215 
3,261 
3,298 
3,322 
3,326 
3,308 

3,484 
3,520 
3,605 
3,668 
3,667 
3,660 



Total 

Related 

Bank 

Assets 



1,240 
1,768 
3,411 
3,782 
4,296 
4,198 
4,585 

4,071 
4,134 
4,171 
4,281 
4,209 
4,257 

4,411 
4,322 
4,362 
4,411 
4,328 
4,382 



A ) 

> 

) 



Bank of Canada and C hartered bank holdings of Government of Canada 
Treasury Bills, Deposit Certificates, Treasury notes and any other 
short term issues sold direct to Bank of Canada and chartered banks. 
Bank of Canada and chartered bank holdings of Government of Canada 
direct and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 

Chartered banks' temporary advances to the public in connection 
with the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



113 



JULY 1949 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 






Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 














1948— July 


99.41 


3.02 


2.94 


2.68 


2.26 


1.44 


Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 


Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 


Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 


Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 


May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 


June 


100.45 


2.97 


2.89 


2.65 


2.28 


1.67 


July 


100.57 


2.96 


2.87 


2.67 


2.30 


1.68 



YIELDS OF GOVERNMENT OF CANADA BONDS : 1936-49 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



10% 



1.4% 



18% 



2.2% 



26% 



30% 



3.4% 



3.8% 




10% 



14% 



1.8% 



2.2% 



2.6% 



3.0% 



3.4% 



3.8% 



1936 1937 1938 1939 1940 1941 .1942 1943 1944 1945 1946 1947. 1946 1949 

(1) Prior to 1940 figures are for the 1st of month. (2) 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. (3) July IS, 



JULY 1949 


















1 








IV— SECURITY 


PRICES 
















Bank of Canada 












Government Bonds 


3 Mon 


th Treasury Bills 


Average of Business Days 


Tender Rate Nearest 15th of Month 


Canada' 1 ' 


U. K.«> 


U.S A.»> 




















Canada 


U.K. 


U.S.A. 


Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


.411 


.509 


1.037 


Monthly 

1948— Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


" 2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


. July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


.411 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


.411 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.523 


1.162 


Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 


May 


100.88 


2.91 


103.50 


2.60 


102.09 


2.33 


.500 


.523 


1.148 


June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.32 


.506 


.524 


1.158 


July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.523 


.923 



114 



(1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 i3 not eligible for commercial banks before Dec. 1, 1952. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, 

Daily Opening Quotations 



(3) U.S. Treasury 2)4% due Dec. 15, 



U.K. & U.S.A. 



2.1% 
















2.3% 
































U S. TREASUP 


,J 








27, DUC 11 DCC ,ig«3-6S 


2.5% 






























27% 


- 




































u 

3*4 


sJlTED KINGDOM M 

DUC 'S APR , 1959-69 1 






2 9% 
















Jn^^ 




, 












^_^^r^r^ 


NADA 1 

1481-66 


I 










GOVT OF CA 

3"/. DUC 1 SEPT.. 




3,1% 


















I _L 


l l 


1 1 


1 1 




1 1 





1948-49 

2.1% 

2:3% 
2:5% 
2:7% 



2:9% 



3.1% 



JULY AUG. SEPT. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUNE JULY AUG, SEPT OCT 

1948 1949 

* Security is not eligible for commercial banks before Dec. 1, 1952. 



115 

V— BOND ISSUES AND RETIREMENTS (1) 

Par Values in Millions of Canadian Dollars* Bank °f Canada 



JULY 1949 





I-Govt. of Canada Direct & 
Guaranteed and Other C.N .R. 




II-Provincial Direct and Guaranteed 








Net New 


New Issues 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 














New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.3 


66.4 


1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137.4 


69.0 


28.3 


1946 


913.5 


866.1 


47.4 




59.6 


73.4 


68.7 


82.4 


18.1 


1947 


371.4 


641.5 


270.1 




150.1 (2) 


125.2 


123.2 


82.8 


69.3 


1948 


1,424.9 


1,634.8 


210.0 




233.8 


105.7 


102.4 


45.1 


192.0 


First Half 




















1945 


1,590.1 


18.0 


1,572.1 




16.9 


47.1 


28.1 


32.7 


3.3 


1946 


16.7 


409.0 


392.3 




29.9 


31.1 


18.3 


39.3 


3.4 


1947 


88.0 


462.8 


374.7 




104.1 


72.1 


51.4 


34.1 


90.8 


1948 


510.2 


701.9 


191.7 




74.2 


53.3 


19.2 


32.8 


75.4 


1949 


52.2 


151.0 


98.9 




142.9 


10.9 


11.3 


40.9 


101.6 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 










Issues or 
Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1944 


51.1 


95.5 


95.5 


89.4 


38.3 


1945 


79.1 


107.2 


110.2 


76.1 


- 


1946 


125.0 


460.5 


460.1 


124.8 


.6 


1947 


272.0 


203.1 


197.3 


149.9 


127.9 


1948 


261.0 


19.9 


25.7 


53.0 


202.2 


First Half 












1945 


17.3 


94.2 


88.3 


51.4 


28.2 


1946 


77.5 


277.9 


248.5 


73.3 


33.6 


1947 


103.7 


178.8 


174.3 


59.0 


49.2 


1948 


142.1 


13.0 


15.8 


29.5 


109.8 


1949 


115.9 


10.3 


10.3 


28.8 


87.1 



I+II+III 



Net New 

Issues or 
Retirements 



2,519.8 

3,475.5 

29.9 

73.0 

184.3 

1,547.2 

355.4 

234.7 

6.4 

89.9 



IV Govt.ofCanadaTreasuryBills. 


Deposit Certificates and Short- 


TermNotesSoldDirectlytoBank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


248 


2,491 


695 


1,796 


250 


1,546 


346 


1,200 


100 


1,300 


55 


2,436 


- 


1,796 


66 


1,480 


100 


1,300 


" 


1,300 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 05 

GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 

AND CORPORATION BONDS 



Par Values in Millions of Canadian Dollars 





NEW ISSUES were payable In: 




RETIREMENTS were payable in: 


Net Increase or 
Net Decrease 
















In Bonds Outstand- 




















Canada. 






ing Payable: 




Canada 
only 


NewYork 
only 


Canada & 

NewYork 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


New York 
& London 


London 


Total 


in Canada 
only 


Abroad 


Calendar Years 




























1944 


3,269.9 


83.8 


15.1 


1.3 


3,370.2 


635.1 


27.6 


63.5 


100.6 


23.6 


850.4 


2,634.8 


115.1 


1945 


3,873.6 


49.0 


77.9 


.4 


4,000.9 


283.1 


73.2 


52.0 


101.0 


16.1 


525.4 


3,590.5 


115.0 


1946 


1,456.1 


171.1 


4.8 


.1 


1,632.0 


1,101.8 


317.5 


109.4 


58.1 


15.2 


1,602.1 


354.2 


324.3 


1947 


1,104.4 


5.5 


5.0 


6.8 


1,121.7 


932.8 


66.5 


60.6 


104.7 


30.1 


1,194.7 


171.6 


244.5 


1948 


1,755.2 


290.0 


- 


- 


2,045.2 


1,673.3 


160.4 


18.7 


5.1 


3.4 


1,860.9 


81.9 


102.4 


First Half 




























1945 


1,694.3 


26.9 


44.2 


_2 


1,765.6 


88.4 


5.9 


25.5 


94.4 


4.3 


218.4 


1,605.9 


58.7 


1946 


316.4 


116.6 


- 


- 


433.1 


463.8 


224.8 


79.0 


11.3 


9.5 


788.4 


147.4 


208.0 


1947 


532.8 


5.5 


5.0 


3.4 


546.7 


594.5 


44.3 


38.0 


90.0 


14.5 


781.4 


61.7 


173.0 


1948 


652.8 


140.0 


- 


- 


792.8 


773.7 


9.2 


11.7 


3.4 


1.2 


799.2 


120.9 


114.5 


1949 


332.2 


— 


— 


- 


332.2 


225.9 


3.8 


4.5 


4.1 


4.1 


242.3 


106.3 


16.4 



* Issues payable in foreign currency are included on the basis of the official rates of the Foreign Exchange Control Board. 

(1) Subject to revision. Provincial Treasury Bills are excluded. Govt, of Canada Treasury Bills, Deposit Certificates and short-term notes sold directly to 
Bank of Canada and the chartered banks are not included in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no 
tabulation in respect of municipalities and religious institutions was possible. However, the net reduction of total municipal bonded debt less sinking funds 
has been (in millions of dollars) 27. 43 and 5 in the years 1944 to 1946 respectively. Before the transfer to the Quebec Municipal Commission of certain 
school debt, the estimated net increase in 1947 and 1948 was 28 and 52. 

(2) Before giving effect to the issue of SH2.2 million of Quebec Hydro debentures in connection with retirement of Montreal Light, Heat & Power stork and of 
S63.2 million of Quebec Municipal Commission bonds re transfer of the debt of certain school corporations. 



JULY 1949 



116 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Value 

of 

Department 

Store Sales 


Employ- 
ment 
Index 
(j) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 


Central 
Electric 
Stations* 2 ' 


Index 

<j) 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Millions 
of Dollars 


Annual Totals (4) 

1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


_ 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 

June 1949 


3,751* 


* 
132 


3,283 


5,149 


41,169 


397 


3,996 


838 


128.7 


209.6 


Monthly 

1947— Dec. 


274.7 


11.5 


249.8 


397.8 


3,389 


13.4 


321 


93.2 


130.7 


193.9 


1948— Jan. 


273.4 


10.8 


256.7 


399.8 


3,397 


15.0 


317 


45.1 


126.9 


178.3 


Feb. 


261.6 


9.7 


239.6 


369.4 


3,171 


15.1 


286 


45.9 


124.0 


185.7 


Mar. 


287.7 


10.5 


286.0 


416.2 


3,467 


20.5 


324 


64.5 


123.7 


189.3 


Apr. 


286.1 


13.2 


264.3 


418.2 


3,319 


33.2 


334 


65.3 


122.2 


184.8 


May 


287.1 


11.4 


289.6 


420.8 


3,455 


51.8 


325 


65.2 


122.1 


188.0 


June 


290.0 


10.4 


259.4 


415.1 


3,331 


40.9 


342 


63.4 


125.9 


195.4 


1948— Dec. 


327.0 


13.0 


280.4 


420.3 


3,415 


17.8 


316 


109.7 


133.8 


219.0 


1949— Jan. 


309.8 


11.2 


284.7 


420.6 


3,407 


30.3 


300 


49.1 


128.4 


204.5 


Feb. 


307.6 


10.9 


259.3 


406.9 


3,114 


19.2 


289 


50.1 


124.8 


207.6 


Mar. 


342.7 


12.6 


298.5 


455.8 


3,602 


19.9 


330 


69.1 


123.7 


207.5 


Apr. 


326.9 


10.6 


270.0 


442.4 


3,517 


36.4 


309 


75.0 


122.9 


206.5 


May 


332.4 


11.2 


293.2 


442.7 


3,580 


48.2 


313 


72.2 


123.8 


207.3 


June 






271.7 


437.0 


3,481 


46.9 


322 


67.2 


127.3 


209.0 



(1) Source: Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. (3) 8 Leading industries. 
First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. *12-Months ending May 1949. 



BUSINESS ACTIVITY : 1947-1949 




800 



600 



400 



200 



THOUSANDS 




DJ F M A M J JA SOND 



INDEX I935-39'I00 



COST OF LIV 


ING m 

V- 

> 


- 


I949 




^~" 


I947__ 




104 


t MONTHLY AVER 


age 




: 1 1 1 


1 1 1 


1 1 1 



DJFMAMJJASOND 



DJFMAMJJASOND 



DJFMAMJJASOND 



(1) 8 leading industries; first of month figures. (2) Unemployment offices' unplaced applicants at end of month. (3) First of month figures. 
* Average of July 1st to Dec. 1st. 



117 



JULY 1949 



VII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistics^ Board of Trade {1) 



U.S.A. 

Bureau of Labor Statistics^ 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


ISO 6 


162.7 


154.2 


167.4 


1948 


229.6 


216.0 


202.4 


184.3 


198.9 


Monthly 












1948-May 


228.4 


211.1 


199.7 


181.5 


195.1 


June 


239.1 


215.6 


205.7 


181.5 


197.3 


July 


240.0 


214.5 


205.3 


182.5 


197.4 


Aug. 


238.2 


225.7 


206.9 


188.4 


205.3 


Sept. 


236.2 


225.2 


206.6 


189.0 


205.4 


Oct. 


232.7 


226.7 


207.0 


189.4 


206.6 


Nov. 


232.4 


227.1 


206.9 


189.1 


206.7 


Dec. 


233.6 


226.3 


207.0 


189.1 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


186.6 


204.3 


May 


225.2 


220.6 


205.9 


187.0 


202.9 


June 


230.2 


221.6 


209.6 


186.7 


202.7 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


191.5 


222.0 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


222.1 


195.4 


228.1 


209.0 


232.9 


212.3 


233.4 



Farm 


Raw 








Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.7 


248.8 


231.2 


224.3 


191.5 


203.7 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.7 


217.7 


205.9 


186.1 


196.5 


224.3 


215.9 


205.9 


184.7 


194.7 


225.3 


216.1 


207.1 


183.0 


193.2 


221.7 


213.9 


205.3 


181.9 


191.6 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926 = 100. 

(2) Adjusted to 1935-39 = 100 from base 1913 = 100 in 1929 and from base 1930 = 100 thereafter. 

(3) Adjusted to 1935-39 = 100 from base 1926 = 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive to 
Aug. 1, 1945. 

WHOLESALE PRICES : RAW MATERIALS AND MANUFACTURES 

INDEX 1936-39=100 INDEX 1935-39=100 




- 



M 



JSDMJSDMJSOMJS 
1945 1946 1947 1948 

(1) D.B.S. index "Raw and Partly Manufactured." (2) D.B.S. index "Fully and Chiefly Manufactured." 



J 

1949 






JULY 1949 



Index 1935-39 = 100 



118 



VIII— COST OF LIVING' 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1948— Feb. 


186.1 


120.1 


165.1 


119.9 


159.9 


122.8 


150.1 


Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1,000-$1,600 most common. 



Millions oj Dollars 



IX— CASH INCOME FROM THE SALE OF FARM PRODUCTS 

Dominion Bureau of Statistics 







BY 


PRODUCTSt 






BY REGIONSt 






Total 






















Certain 


(Incl. 

Certain 

Govt. 

Payments) 




Field 
Crops 


Livestock 


Dairy 

Products 

Poultry & 

Eggs 


All 
Other 


Total 


Maritimes 


Ontario 

and 
Quebec 


Western 
Provinces 


Total 


Govt. 
Payments 

• • 


Calendar Years 
























1926 


561 


193 


164 


40 


958 


38 


351 


569 


958 


- 


958 


1929 


482 


215 


187 


42 


927 


38 


367 


522 


927 


- 


927 


1932 


186 


80 


96 


22 


384 


20 


171 


193 


384 


- 


384 


1933 


191 


84 


100 


22 


397 


23 


177 


197 


397 


- 


397 


1934 


232 


112 


116 


26 


485 


26 


206 


253 


485 


- 


485 


1935 


231 


130 


122 


28 


511 


27 


219 


265 


511 


- 


511 


1936 


254 


155 


138 


31 


578 


29 


257 


292 


578 


- 


578 


1937 


263 


195 


150 


38 


646 


36 


302 


308 


646 


- 


646 


1938 


293 


164 


169 


38 


664 


34 


309 


321 


664 


- 


664 


1939 


332 


185 


166 


39 


722 


32 


319 


371 


722 


10 


732 


1940 


291 


245 


183 


47 


766 


40 


354 


372 


766 


2 


768 


1941 


312 


321 


230 


51 


914 


48 


431 


435 


914 


28 


942 


1942 


348 


373 


317 


63 


1,101 


58 


530 


513 


1,101 


55 


1,156 


1943 


516 


447 


367 


80 


1,410 


71 


586 


752 


1,410 


31 


1,441 


1944 


824 


514 


400 


90 


1,828 


75 


627 


1,127 


1,828 


18 


1,846 


1945 


653 


526 


422 


93 


1,695 


79 


689 


926 


1,695 


6 


1,701 


1946 


708 


503 


431 


101 


1,743 


87 


736 


919 


1,743 


17 


1,760 


1947 


848 


496 


497 


121 


1,962 


88 


826 


1,047 


1,962 


12 


1,974 


1948 


996 


750 


571 


134 


2,450 


104 


1,021 


1,326 


2,450 


21 


2,471 


3 Months-ending 
























Mar. 1947 


140 


103 


86 


6 


334 


18 


169 


147 


334 


10 


343 


Mar. 1948 


114 


157 


102 


7 


380 


23 


205 


152 


380 


15 


395 


Mar. 1949 


134 


167 


97 


8 


406 


22 


218 


166 


406 


9 


415 



t Includes amounts paid on account of wheat participation certificates, the oats and barley equalization payments and those Dominion and Provincial 

Government payments which farmers receive as subsidies to prices. 
** Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. 



119 



JULY 1949 



Millions of Dollars 



X— MERCHANDISE IMPOFK 

Compiled from "Trade of Cairn 

(I 



Calendar 
Years 


Fruits 
and 
Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Alcoholic 

Beverages 

(1) 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(incl. syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


O 
Veg 

Ar 
Pre 


1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 




1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 




1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 




1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 




1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 




1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 




12 Mths. ending 

Apr. 1949 


91 


12 


25 


74 


45 


18 


19 


32 


24 


21 




Monthly 

1948— Feb. 


5.3 


.6 


2.8 


2.6 


3.5 


1.0 


1.5 


1.4 


3.8 


2.2 




Mar. 


6.1 


.6 


2.9 


4.1 


2.1 


1.0 


1.7 


2.8 


1.7 


1.3 


l 


Apr. 


7.5 


1.4 


1.7 


6.1 


2.4 


.9 


1.9 


3.1 


1.5 


1.5 


1 


May 


8.5 


1.1 


2.3 


7.7 


2.7 


.9 


3.2 


2.0 


2.1 


1.4 


, 


June 


7.3 


1.1 


2.1 


7.0 


5.2 


1.1 


2.2 


3.0 


1.2 


1.3 


1 


July 


7.3 


.5 


1.3 


6.4 


3.2 


1.0 


1.0 


2.3 


1.1 


1.4 


, 


Aug. 


6.0 


.1 


1.2 


7.7 


3.8 


1.1 


.9 


2.7 


.6 


1.7 


, 


Sept. 


8.0 


.1 


1.4 


7.2 


3.6 


1.1 


.8 


2.3 


2.0 


1.3 




Oct. 


7.4 


- 


1.7 


8.4 


3.4 


1.5 


2.8 


3.5 


2.3 


1.7 




Nov. 


10.7 


.8 


5.3 


6.3 


3.7 


2.2 


.8 


2.4 


1.9 


1.5 




Dec. 


10.2 


.9 


5.1 


5.7 


3.7 


2.6 


.7 


2.8 


2.9 


1.6 


1 


1949— Jan. 


6.5 


1.0 


1.5 


2.1 


4.8 


1.7 


1.5 


3.0 


3.7 


2.0 




Feb. 


5.1 


1.7 


.9 


4.9 


3.2 


1.5 


2.2 


2.9 


3.1 


1.9 




Mar. 


6.5 


2.2 


1.3 


4.1 


3.0 


2.0 


1.9 


3.0 


1.7 


2.5 




Apr. 


8.0 


2.5 


1.1 


6.1 


4.4 


1.9 


1.4 


2.0 


1.3 


2.8 





Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates, 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 




* 

V, 

1 
— 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 




1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 




1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 




1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 




1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 




12 Mths. ending 

Apr. 1949 


121 


16 


8 


14 


67 


17 


11 


54 


158 


213 




Monthly 

1948— Feb. 


8.5 


_ 


.4 


.9 


3.6 


1.2 


.6 


4.6 


10.9 


20.6 




Mar. 


10.3 


- 


.3 


.9 


4.1 


2.0 


.9 


4.4 


10.5 


17.9 




Apr. 


10.9 


.1 


.5 


.9 


4.4 


1.9 


.7 


4.3 


15.0 


20.1 


\ 


May 


10.0 


1.4 


.3 


.8 


4.6 


1.7 


.8 


4.6 


11.7 


18.8 


I 


June 


9.4 


2.4 


.5 


1.0 


4.8 


1.8 


1.0 


3.8 


13.5 


19.4 


:!] 


July 


10.2 


2.4 


.4 


.8 


3.9 


1.2 


1.0 


3.5 


11.6 


18.0 




Aug. 


8.9 


2.5 


.6 


.8 


3.9 


1.0 


.8 


3.0 


10.3 


13.5 




Sept. 


8.9 


2.5 


.6 


.9 


4.9 


1.1 


.8 


3.5 


11.6 


14.9 




Oct. 


10.8 


1.4 


.6 


1.2 


5.0 


1.2 


.8 


4.3 


12.0 


17.4 


1 


Nov. 


10.6 


2.2 


.4 


1.3 


5.5 


1.5 


.9 


5.2 


11.2 


17.2 


] 


Dec. 


10.3 


.6 


.7 


1.2 


5.6 


1.6 


.6 


3.7 


12.7 


17.8 




1949— Jan. 


10.9 


.2 


.7 


1.4 


6.6 


1.3 


1.0 


6.5 


13.7 


18.8 




Feb. 


9.6 


- 


.9 


1.5 


6.2 


1.5 


1.1 


4.6 


13.8 


16.3 




Mar. 


10.5 


- 


1.2 


1.6 


7.9 


1.6 


1.3 


5.9 


17.2 


20.7 




Apr. 


11.1 


.2 


1.5 


1.9 


8.1 


1.8 


1.3 


4.9 


18.2 


20.4 





(1) Before 1935 import totals are substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country. 
in Council (9213) and the item "Canadian Goods Returned" (9195) are excluded. 



■flmports )in 



I JULY 1949 

JMMODITY CLASSIFICATION 

l:nio» Bureau of Statistics 



120 



Millions of Dollars 



1 Cotton 


Silk 

(raw and 

mfd.) 


Wool 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




■ and 
pd. 


Mfd. 


Raw and 
Unmfd. 


Mfd. 


Calendar 
Years 


s 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 


s 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 


1 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


5 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 


1 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


7 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 


s 


87 


4 


46 


72 


35 


■ 27 


38 


18 


32 


26 


12 Mths. ending 

Apr. 1949 


b 


5.3 


.4 


2.9 


4.8 


1.8 


1.7 


2.1 


1.3 


2.6 


1.9 


Monthly 

Feb.— 1948 


i 


5.8 


.3 


3.2 


5.2 


2.5 


2.6 


3.8 


1.6 


2.5 


2.2 


Mar. 





7.1 


.4 


5.3 


5.8 


2.5 


.8 


4.1 


1.7 


2.8 


3.3 


Apr. 


7 


6.8 


.4 


5.3 


6.4 


2.5 


4.1 


3.0 


1.6 


2.6 


2.3 


May 


13 


7.0 


.3 


4.2 


5.9 


2.2 


4.0 


2.8 


1.6 


2.5 


2.0 


June 


13 


7.3 


.3 


5.0 


6.1 


2.5 


1.4 


3.7 


1.3 


2.5 


1.7 


July 


r 


5.9 


.3 


4.8 


5.5 


2.3 


1.4 


3.1 


1.3 


2.3 


2.0 


Aug. 


17 


5.7 


.2 


4.1 


5.2 


2.3 


1.8 


3.4 


1.3 


2.5 


1.9 


Sept. 


[l 


7.7 


.4 


3.7 


5.4 


2.7 


2.6 


4.0 


1.5 


3.0 


1.9 


Oct. 


13 


7.6 


.3 


3.1 


6.0 


3.1 


2.8 


3.2 


1.5 


2.9 


1.9 


Nov. 


1 


6.2 


.3 


3.3 


5.2 


2.7 


1.8 


2.7 


1.4 


2.6 


2.4 


Dec. 


|5 


8.9 


.6 


2.3 


6.2 


3.7 


2.6 


3.2 


1.6 


2.5 


2.1 


Jan.— 1949 


m 


8.0 


.5 


2.5 


6.2 


3.6 


.9 


2.7 


1.6 


2.5 


2.4 


Feb. 


ft 


7.6 


.4 


4.0 


6.9 


3.5 


1.7 


2.9 


1.8 


2.9 


2.6 


Mar. 


V 


8.3 


.4 


3.6 


6.7 


3.6 


1.9 


3.1 


1.7 


2.9 


2.7 


Apr. 





Bauxite 
Ore 


Tin 

and 

Products 


Electrical 
Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 
Non- 
metallic 
Minerals 


All 

Other 
Imports 


Total t 

Imports 


Calendar 
Years 


1 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 




2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 




4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


I 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 




9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 




10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 




10 


10 


63 


83 


200 


296 


26 


75 


121 


2,733 


12 Mths. ending 

Apr. 1949 




.3 


.3 


5.1 


4.4 


14.8 


15.2 


1.7 


4.4 


8.5 


182.1 


Monthly 

Feb.— 1948 




.2 


.8 


5.2 


6.2 


14.1 


16.6 


2.1 


4.6 


9.8 


197.0 


Mar. 


1 


.5 


.5 


6.2 


6.9 


13.2 


24.1 


2.5 


5.6 


10.6 


226.6 


Apr. 




1.2 


.4 


6.1 


7.3 


12.5 


23.4 


2.9 


6.7 


9.8 


225.1 


May 


1.1 


.7 


6.3 


5.8 


17.8 


30.7 


2.5 


6.7 


8.8 


233.0 


June 


1 


1.4 


.4 


4.9 


5.7 


17.7 


32.5 


2.1 


6.5 


10.2 


225.1 


July 


i 


1.4 


.9 


3.5 


5.8 


20.1 


33.0 


1.7 


6.4 


8.4 


206.4 


Aug. 




1.0 


.7 


4.1 


5.3 


24.4 


33.0 


1.9 


6.7 


8.8 


221.6 


Sept. 




1.2 


1.4 


4.7 


7.4 


21.3 


31.7 


2.2 


7.5 


9.7 


243.4 


Oct. 


i 


1.0 


.2 


5.1 


8.7 


19.3 


20.6 


2.4 


6.9 


10.2 


238.1 


Nov. 


I 


.4 


1.6 


5.2 


6.9 


16.7 


21.7 


1.9 


5.8 


9.9 


231.9 


Dec. 


3 


.3 


.3 


5.5 


6.7 


13.6 


19.8 


1.9 


4.9 


10.5 


223.7 


Jan.— 1949 


I 


.2 


2.2 


5.4 


6.5 


10.9 


15.9 


1.9 


5.0 


9.5 


206.0 


Feb. 


i 


.1 


1.3 


5.8 


8.3 


12.7 


16.8 


2.0 


5.7 


12.0 


235.9 


Mar. 


i 


.4 


.4 


6.4 


8.6 


13.2 


16.6 


2.3 


6.1 


13.5 


242.7 


Apr. 



» ingdom do not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order 



121 



Millions of Dollars 



XI— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS 10 * 









TOTAL EXPORTS (EXCLUDING GOLD) 


TO 












U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U.K. 


Dependen- 


of 


British 


Europe & 


and 




All 








cies 


South 
Africa 


Countries 
(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


Calendar Years 




















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 




















June 1949 


1,559 


670 


84 


89 


151 


301 


134 


139 


3,128 


Monthly 




















1948-Mar. 


114.0 


61.8 


8.1 


4.4 


5.4 


17.4 


9.0 


11.2 


231.3 


Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949- J an. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.8 


Mar. 


123.4 


44.6 


7.2 


4.9 


13.6 


12.1 


10.0 


10.0 


225.8 


Apr. 


113.0 


58.4 


5.7 


6.5 


13.1 


22.3 


10.5 


6.5 


235.9 


May 


122.9 


74.3 


8.1 


11.0 


13.0 


27.4 


13.2 


5.4 


275.5 


June (6) 


114.1 


61.1 


6.8 


10.4 


16.3 


28.4 


16.4 


7.1 


260.5 



Millions of Dollars 



MERCHANDISE IMPORTS 





TOTAL IMPORTS (EXCLUDING GOLD) FROM 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 




U.S.A. 


U. K. 


Dependen- 


of 


British 


Europe & 


and 




All 






(2) 


cies 


South 


Countries 


Colonies 


South 














Africa 


(3) 


(4) 


America 


(5) 




Calendar Years 




















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















May 1949 


1,908 


322 


110 


4 


85 


86 


206 


37 


2,758 


Monthly 




















1948-Mar. 


138.3 


21.6 


5.6 


.3 


4.8 


5.3 


19.1 


2.0 


197.0 


Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


1949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 


Feb. 


148.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 


Mar. 


169.0 


28.3 


7.6 


.6 


7.1 


7.2 


14.0 


2.1 


235.9 


Apr. 


177.3 


30.1 


7.7 


.5 


0.1 


7.2 


11.7 


2.1 


242.7 


May' 6 ' 


172.1 


29.5 


11.6 


.4 


8.2 


7.7 


17.0 


4.0 


250.5 



* Commencing April 1. 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports "i foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the ite ( 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India. Pakistan. Burma, Australia, New Zealand, Icelan 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and Britisli Sudan. 

(5) Includes Egypt, Spain. Palestine, and also Newfoundland until March 3 
1949. 

(6) Preliminary. 



JULY 1949 



122 



XII— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce Statistics unless otherwise stated. 



MILLIONS OP PERSONS 



MILLIONS OT PERSON* 








POINTS 1 


>J TOTAL INDEX 


POINTS IN TOTAL INDEX 










MANUFACTURING PRODUCTION 








200 






SEASONALLY A0JU9TCB 






60 




f ^*— TOTAL INDEX 




\„ 






160 












160 




























55 


120 












120 


















NON- DURABLE PRODUCTS . 






50 


80 










>s^.... 


80 






























100 








^-^g.^rf—? 


«^ 


100 










5 








* DURABLE PRODUCTS 








60 












60 
















", , . , 




1 1 1 1 1 1 1 1 1 1 1 


1 1 1 1 1 II 1 1 II 


1 | | , . | | | | | ,s 






















MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 



BILLIONS Or DOLLARS 



1800 



1400 




BILLIONS OF DOLLARS 



BILLIONS OF DOLLARS! INDEX 

275f 




TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada : 

Liabilities and Assets 123-124 

Money Supply 123 

Chartered Banks: Total Canadian Loans 124 

II Chartered Banks : 

Liabilities and Assets 125-126 

III Money Supply and Related Bank Assets 125 - 126 

IV Security Prices: 

Government Securities Payable in Canada only 127 

Yields of Government of Canada Bonds, Payable in Canada only . 127 

Government Securities, Canada, U.K. and U.S. A 128 

Yields of Government Bonds, Canada, U.K. and U.S.A. . . . 128 

V Business Activity 129 

Unemployment Insurance . . 129 

VI Unemployment Insurance Statistics 130 

VII Industrial Production 131 

Industrial Production 131 

VIII Retail Merchandise Trade 132 

IX Wholesale Prices 133 

U.S.A. Weekly Wholesale Price Indexes 133 

X Cost of Living 134 

Cost of Living Indexes 134 

XI Grains : Acreage and Production 135 

XII Canadian Wheat : Statistical Position 136 

Canadian Wheal: Supplies and Distribution 136 

XIII Exports and Imports by Countries 137 

Merchandise Trade: Exports, Imports and Balance .... 138 

XIV Merchandise Exports: Commodity Classification . . . . . 139-140 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AUGUST 1949 



123 
















AUGUST 194£ : 


Millions of Dollars 


















I B 




LIABILITIES 




Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 

Deposits' 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


T< 
Liab 

As 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 




















Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4 ii 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,4 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,S 


194S 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9 


End of 




















1948— Feb. 


135.7 


531.8 


667.5 


60.8 


75.0 


.6 


1,020.6 


23.4 


1,8 


Mar. 


166.9 


519.2 


686.1 


42.2 


S6.7 


.1 


1,013.9 


25.8 


1,8 


Apr. 


140.5 


558.9 


699.4 


57.9 


126.0 


.2 


1,042.5 


26.7 


1,< 


May 


170.2 


547.3 


717.5 


135.9 


95.8 


.5 


1,025.5 


31.5 


2,( 


June 


157.2 


517.0 


674.2 


138.4 


107.2 


.2 


1,049.3 


31.5 


2,( 


July 


158. 1 


502.5 


660.6 


119.0 


84.1 


.1 


1,062.2 


32.1 


US 


1949— Feb. 


167.4 


531.0 


698.4 


178.4 


79.6 


.4 


1,054.5 


25.3 


2,(5 


Mar. 


165.8 


540.3 


706.1 


62.6 


84.8 


87.3 


1,079.5 


31.7 


2,(2 


Apr. 


161.7 


587.3 


749.0 


115.1 


80.8 


66.1 


1,103.0 


26.9 


2,0 


May 


193.5 


571.2 


764.7 


101.4 


65.2 


61.4 


1,070.3 


35.2 


2,(8 


June 


154.9 


568.3 


723.2 


112.2 


73.7 


67.7 


1,115.1 


44.1 


2, « 


July 


172.S 


566.9 


739.7 


94.3 


73.8 


57.9 


1,098.2 


32.7 


2,i.- 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31. 1949. -^-May 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to th ' 



MONEY SUPPLY 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4400 



4200 



4000 



3800 



3600 








4400 



4200 



4000 



3800 



3600 



DEC, JAN FEB. MAR. APR. MAY JUNE JULY AUG. SEPT OCT 

• Foi i omponent statistics and footnotes see table on page 125. 



NOV. DEC 





AUGUST 1949 


















124 




CANADA 












Millions of Dollars 




ASSETS 




. 


old 


Silver 


Foreign 1 " 
Currencies 






Securities 






Advances 


All 
Other 






Govt, of Canada 
and Provincial 


Ind. Dev. 
Bank 


Other 


Total 












Under 2 yrs. 


Over 2 yrs. 


Cap. Stock 


Securities 






Accounts 


























Average of 
Month-end Figures 




1.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 




2.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 




0.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 




* 




• 


• 


• 






• 










i- 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 






- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


— 


29.1 


1946 




- 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


— 


.4 


1,133.3 


787.7 


25.0 


- 


1,946.0 


- 


26.7 


1948 




- 


- 


.8 


974.4 


825.7 


25.0 


_ 


1,825.1 


_ 


22.0 


End of 

Feb.— 1948 




— 


- 


.3 


985.2 


806.7 


25.0 


- 


1,817.0 


- 


37.6 


Mar. 




- 


- 


.3 


1,124.1 


767.8 


25.0 


- 


1,916.9 


- 


35.4 


Apr. 




h 


- 


.6 


1,179.7 


775.0 


25.0 


- 


1,979.7 


- 


26.5 


May 




- 


- 


.3 


1,152.9 


790.9 


25.0 


- 


1,968.8 


- 


31.7 


June 




r~ 


— 


.2 


1,145.2 


773.6 


25.0 


- 


1,943.7 


- 


14.1 


July 




[- 


- 


.5 


1,180.5 


800.7 


25.0 


— 


2,006.2 


_ 


29.8 


Feb.— 1949 






- 


82.4 


1,087.1 


812.1 


25.0 


5.0 


1,929.1 


- 


40.4 


Mar. 




\- 


- 


61.1 


1,199.0 


822.9 


25.0 


5.0 


2,051.9 


- 


27.8 


Apr. 




r- 


- 


56.5 


1,148.1 


836.2 


25.0 


5.0 


2,014.3 


- 


27.4 


May 




- 


- 


62.8 


1,379.6 


636.8 


25.0 


5.0 


2,046.4 


- 


26.8 


June 




- 




52.9 


1,499.2 


499.5 


25.0 


5.0 


2,028.7 


— 


15.0 

1 


July 



lent figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order Under 
ge Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 



CHARTERED BANKS : TOTAL CANADIAN LOANS 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



2400 



2200 



2000 



1800 



1600 





MONT 


H-END 








, 1949 




/*"- 






\^ 




1948 v 

3^ 


y^ 






1947 1 












1 











2400 



2200 



2000 



1800 



1600 



DEC 



FEB. 



JUNE 



SEPT 



OCT 



DEC. 



5 
















AUGUST 19491 
II— CHA] 




Millions of Dollars 
















Bo 




LIABILITIES 


N' r 




Notes 


Deposits 


Cash 
in (3) 
Canada 


Securities 






Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 

Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


Govt, of Canada 
and Provincial 


Foreign 
Govt. 


C 

>7 
)6 

: 






Under2yrs. 


Over 2 yrs. 




Average of 
Month-end figures 

1929 
1932 
1937 


178 
132 
110 


696 
486 
691 


1,480 
1,376 
1,574 


102 
82 
90 


2,293 
1,955 
2,382 


418 
312 
421 


2,837 
2,322 
2,840 


212 

186 
240 


342 
490 
445 674 


11 
2( 
68 


1 
1 


1946 
1947 
1948 

End of 

1948-Feb. 
Mar. 
Apr. 
May 
June 
July 


23 
20 
17 


2,155 
2,139 
2,259 


3,327 
3,681 
3,972 


483 
404 
355 


5,993 

6,278 
6,644 


806 
851 
817 


6,919 
7,237 
7,567 


673 
665 
705 


1,573 

871 
891 


2,162 
2,524 
2,423 


276 
290 
259 




18 
18 
18 
17 

17 
17 


2,105 
2,201 
2,223 
2,182 
2,214 
2,112 


3,881 
3,927 
3,951 
3,955 
3,936 
3,959 


241 
272 
290 
319 
379 
375 


6,281 
6,458 
6,525 
6,522 
6,591 
6,497 


801 
802 
797 
827 
838 
831 


7,203 
7,378 
7,431 
7,457 
7,534 
7,431 


668 
686 
699 
717 
674 
661 


820 
835 
829 
829 
952 
929 


2,372 
2,399 
2,436 
2,425 
2,382 
2,408 


264 
260 
264 
266 
266 
270 


1 


1949-Feb. 
Mar. 
Apr.* 
May 
June 
July 


16 
15 
15 
15 
15 
15 


2,289 
2,281 

2,288 
2,284 
2,319 

2,188 


4,159 

4,264 
4,339 
4,339 
4,330 
4,341 


508 
382 
402 
508 
534 
601 


7,017 
6 998 
7,103 
7,233 

7,287 
7,221 


799 

787 
708 
724 
722 
709 


7,902 
7,870 
7,898 
8,049 
8,112 
8,022 


698 
706 
749 
765 
723 
740 


939 
884 
812 
853 
1,079 
1,123 


2,587 
2,616 
2,660 
2,686 
2,513 
2,544 


226 
223 
233 
235 
240 
238 


! 
1 i 
\ 


*As from April 1, 1949, statisti 
after that date: Bank of Cana( 
1944, an approximate figure on 


cs of Newfoi 
ia Notes an 

y. 


indland Bra 
i Deposits. 


iches of Cha 
(4) Figures 


rtered Banks are included as Canada. (1) Estimated month-end deposits payable in ( 
given are annual averages of estimated month-end Canadian deposits in 1926-35 and I 


















III— MONEY SUPPLY 


Millions of Dolla 


rs 








MONEY 


SUPPLY 










t< 







Currency 
Outside Banks 


Bank Deposits 




Mor. 


— 








Chartered Banks 






Bank of 


























Canada 
"Other" 
Deposits 

(7) 


Total 


Sup 1 






Notes (1) 


Coin"' 


Total 


Demand (3) 


Active 
Notice' 4 ) 


Other' 5 ' 
excl. Govt. 
of Canada 


Total 


Deduct 
Floats 


Net 
Total 




As at Dec. 31 




























1938 


207 


31 


238 


734 


187 


42 


963 


116 


847 


3 


850 


1,0! 


1940 


341 


38 


379 


1,031 


203 


112 


1,346 


172 


1,174 


10 


1,184 


l,5i 


1944 


930 


60 


990 


1,862 


363 


153 


2,378 


243 


2,135 


28 


2,163 


3,l|k 


1945 


992 


63 


1,055 


2,063 


474 


172 


2,709 


280 


2,429 


30 


2,459 


3,5! 


1946 


1,031 


65 


1,096 


2,291 


614 


229 


3,134 


328 


2,806 


94 


2,900 


3,9 i 


1947 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,91 


1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,2 i 


1948-Feb. 


1,038 


66 


1,104 


2,105 


620 


220 


2,945 


230 


2,715 


75 


2,790 


3,81 


Mar. 


1,032 


66 


1,098 


2,201 


629 


263 


3,093 


345 


2,748 


87 


2,835 


3,SJ 


Apr. 


1,060 


66 


1,126 


2,223 


629 


281 


3,133 


333 


2,800 


126 


2,926 


4,C2 


May 


1,043 


67 


1,110 


2,182 


630 


269 


3,081 


317 


2,764 


96 


2,860 


3,S 


June 


1,067 


(57 


1,134 


2,214 


628 


286 


3,128 


339 


2,789 


107 


2,896 


4,(3 


July 


1 ,079 


68 


1,147 


2,112 


628 


270 


3,010 


239 


2,771 


84 


2,855 


4,(2 


1949-Feb. 


1,070 


69 


1,139 


2,289 


640 


260 


3,189 


317 


2,872 


80 


2,952 


4,d 


Mar. 


1,095 


69 


1,164 


2,281 


659 


287 


3,227 


335 


2,892 


85 


2,977 


4,r 


Apr.* 


1,118 


70 


1,188 


2,288 


672 


300 


3,259 


277 


2,982 


81 


3,063 


4,13 


May 


1,085 


70 


1,155 


2,284 


671 


315 


3,270 


335 


2,935 


65 


3,000 


4,15 


June 


1,130 


71 


1,201 


2,319 


670 


317 


3,306 


394 


2,912 


74 


2,986 


4,1| 


July 


1,113 


71 


1,184 


2,188 


671 


291 


3,150 


235 


2,915 


74 


2,989 


4,11 





* See note (*) above. (5) 

D) Note Circulation of Bank 01 Canada and chartered banks, excluding 

notes held by chartered banks. (6) 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 

and chartered banks in Canada. (7) 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 

aggregate quarterly minimum balances in personal savings accounts (8) 

and non-personal notice deposits. 



Chartered banks' Canadian dollar deposits of provineial goverm 

Canadian. United Kingdom, and foreign banks. 

Cheques on banks as shown in chartered bank month-end retu 

the Minister of Finance. 

Bank of Canada Other Deposits as shown on published monl n 

statements — i.e. excluding Government of Canada, chartered ' 

and foreign deposits. 

Bank of Canada gold and foreign exchange holdings less the amc 1 w 

foreign currency deposit liabilities. 



AUGUST 1949 



126 



da 



BANKS 



Millions of Dollars 



SSETS 



al 



I 36 
1.72 



(y. (2) Includes inter-bank deposits 
Canadian deposits in 1936 and after. 



Loans 



CANADA 



Call 



267 
117 
107 
132 
104 
81 

70 
65 
76 
80 
84 
77 

108 
81 
90 

74 
72 



Current 
Public 



1,343 
1,032 
732 
1,223 
1,693 
1,923 

1,861 

1,844 
1,851 
1,858 
1,867 
1,877 

2,033 
2,026 
2,093 
2,085 
2,085 
2,082 



Current 
Other 



112 

165 

117 

44 

54 

75 

72 
77 
79 
67 
63 
71 

86 
103 
106 
117 
110 
105 



ABROAD 



Call 



301 
84 
68 

87 
76 
74 

73 

76 
74 
74 
80 
71 

79 
79 
85 
78 
94 
90 



Current 



248 
172 
165 
155 
198 
234 

224 
222 
221 
224 
231 
235 

247 
239 
213 
215 
215 
212 



Total 
Assets 



3,528 
2,869 
3,317 
7,430 
7,811 
8,140 

7,775 
7,949 
8,010 
8,033 
8,106 
7,996 

8,466 
8,426 
8,452 
8,604 
8,668 
8,570 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note ( 5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


690 


6,299 


11.0 


1,008 


Feb.-1948 


682 


6,251 


10.9 


1,023 


Mar. 


712 


6,375 


11.2 


1,029 


Apr. 


706 


6,444 


11.0 


1,036 


May 


699 


6,427 


10.9 


1,037 


June 


683 


6,557 


10.4 


1,053 


July 


719 


6,939 


10.4 


1,055 


Feb -1949 


707 


6,859 


10.3 


1,075 


Mar. 


706 


7,064 


10.0 


1,094 


Apr.* 


765 


7,090 


10.8 


1,083 


May 


769 


7,138 


10.8 


1,084 


June 


755 


7,255 


10.4 


1,088 


July 



(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; 
(5) Bank of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 



iATED BANK ASSETS 



i a 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 



Government of Canada Securities, Gold and Exchange 



Bank of' 8 ' 

Canada 

Gold and 

Exchange 


Banking' 9 ' 
Securities 


214 


196 


38 


743 


- 


2,321 

1,696 

1,476 

811 


- 


1,138 


— 


882 


— 


1,068 
1,158 


- 


1,175 


- 


1,178 
1,138 


- 


1,099 

992 


- 


1,041 
1,030 
1,034 
1,025 



Other Govt. Securities 



Bonds" ' 



753 

737 
2,006 
3,241 
3,745 
3,718 
3,834 

3,655 
3,512 
3,558 
3,591 
3,645 
3,660 

3,944 
3,998 
4,048 
4,091 
4,176 
4,216 



Victory" 1 ' 

Loan 
Advances 



271 
411 



Total 



753 

737 
2,277 
3,652 
3,745 
3,718 
3,834 

3,655 
3,512 
3,558 
3,591 
3,645 
3,660 

3,944 
3,998 
4,048 
4,091 
4,176 
4,216 



Total 



1,163 
1,518 
4,598 
5,348 
5,221 
4,529 
4,972 

4,537 

4,580 
4,716 
4,766 
4,823 
4,798 

5,043 
4,990 
5,089 
5,121 
5,210 
5,241 



Deduct 

Govt. 

Deposits 

(12) 



79 
32 

720 
1,002 
366 
272 
320 

137 
111 

128 
251 
294 
276 

487 
229 
292 
397 
433 
494 



Net 
Total 



1,084 
1,486 
3,878 
4,346 
4,855 
4,257 
4,652 

4,400 
4,469 
4,588 
4,515 
4,529 
4,522 

4,556 
4,761 
4,797 
4,724 

4,777 
4,747 



All other 
Loans 
and 
Invest- 
ments 

(13) 



1,628 
1,720 
1,593 
1,827 
2,297 
3,084 
3,341 

2,995 
3,000 
3,015 
3,020 
3,036 
3,055 

3,286 
3,206 
3,282 
3,271 
3,265 
3,270 



Deduct 
Inactive 

Notice 
Deposits 



1,472 
1,438 
2,060 
2,391 
2,856 
3,143 
3,408 

3,261 
3,298 
3,322 
3,326 
3,308 
3,331 

3,520 
3,605 
3,668 
3,667 
3,660 
3,669 



Total 
Related 

Bank 
Assets 



1,240 
1,768 
3,411 
3,782 
4,296 
4,198 
4,585 

4,134 
4,171 
4,281 
4,209 
4,257 
4,246 

4,322 
4,362 
4,411 
4,328 
4,382 
4,348 



Bank of Canada and Chartered bank holdings of Government of Canada 
Treasury Bills, Deposit Certificates, Treasury notes and any other 
short term issues sold direct to Bank of Canada and chartered banks. 
Bank of Canada and chartered bank holdings of Government of Canada 
direct and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 

Chartered banks' temporary advances to the public in connection 
with the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



127 



AUGUST 1949 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 






Based on Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 














1948— Aug. 


99.44 


3.02 


2.98 


2.75 


2.31 


1.52 


Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 


Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 


Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 


May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 


June 


100.45 


2.97 


2.89 


2.65 


2.28 


1.67 


July 


100.57 


2.96 


2.87 


2.67 


2.30 


1.68 


Aug. 


101.07 


2.92 


2.78 


2.62 


2.26 


1.69 



YIELDS OF GOVERNMENT OF CANADA BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1936-49 






22% 




1.0% 



1.4% 



1.8% 



26% 



3.4% 



38% 



2.2% 



2.6% 



3.0% 



3.4% 



-3.8% 



\ 



1936 1937 1938 1939 1940 1941 1942 1943 1944 194S 1946 1947 1946 1949 

(1) Prior to 1940 figures are for the 1st oi month. (2) 1936-37 figures are lor the 1st of the month, 1938-39 figures are for average of month. (3) Aug. IS. 



AUGUST 1949 



128 






IV— SECURITY PRICES 

Bank of Canada 





Government Bonds 


3 Month Treasury Bills 






Average of E 


usiness Days 




Tender Rate Nearest 15th of Month 




CansH.a* 1 ' 


U. 


K.< 2 > 


U.S.A.< 3 > 






















Canada 


U.K. 


U.S A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


Monthly 

1948— Apr. 


100.37 


2.97 


99.71 


3.02 


101.16 


2.41 


.410 


.513 


.998 


May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


.411 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


.411 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.523 


1.162 


Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 


May 


100.88 


2.91 


103.50 


2.60 


102.09 


2.33 


.500 


.523 


1.148 


June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.32 


.506 


.524 


1.158 


July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.523 


.923 


Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.525 


1.007 



Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 2}4% due Dec. 15, 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA. U.K. & U.S.A.: 1948-49 

Daily Opening Quotations 



13% 



27% 




JULY AUG SEPT OCT NOV DEC JAN FEB. MAP. APR MAY JUNE JULY AUC. SEPT OCT NOV OEC 

1948 1949 

* Security is not eligible for commercial banks before Dec. 1, 1952. 



129 



AUGUST 1949 



V— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Value 

of 

Department 

Store Sales 


Employ- 
ment 
Index 
(j) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations'" 


Index 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Millions 
of Dollars 


Annual Totals' 41 






















1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


- 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 


* 


* 


















July 1949 


3,805 


132 


3,276 


5,146 


41,175 


411 


3,966 


839 


128.7 


210.7 


Monthly 

1948— Jan. 


273.4 


10.8 


256.7 


399.8 


3,397 


15.0 


317 


45.1 


126.9 


178.3 


Feb. 


261.6 


9.7 


239.6 


369.4 


3,171 


15.1 


286 


45.9 


124.0 


185.7 


Mar. 


287.7 


10.5 


286.0 


416.2 


3,467 


20.5 


324 


64.5 


123.7 


189.3 


Apr. 


286.1 


13.2 


264.3 


418.2 


3,319 


33.2 


334 


65.3 


122.2 


184.8 


May 


287.1 


11.4 


289.6 


420.8 


3,455 


51.8 


325 


65.2 


122.1 


188.0 


June 


290.0 


10.4 


259.4 


415.1 


3,331 


40.9 


342 


63.4 


125.9 


195.4 


July 


296.2 


10.4 


244.9 


424.5 


3,355 


38.3 


337 


48.3 


129.7 


203.5 


1949— Jan. 


309.8 


11.2 


284.7 


420.6 


3,407 


30.3 


300 


49.1 


128.4 


204.5 


Feb. 


307.6 


10.9 


259.3 


406.9 


3,114 


19.2 


289 


50.1 


124.8 


207.6 


Mar. 


342.7 


12.6 


298.5 


455.8 


3,602 


19.9 


330 


69.1 


123.7 


207.5 


Apr. 


326.9 


10.6 


270.0 


442.4 


3,517 


36.4 


309 


75.0 


122.9 


206.5 


May 


332.4 


11.2 


293.2 


442.7 


3,580 


48.2 


313 


72.2 


123.8 


207.3 


June 


344.1 


10.6 


270.5 


437.0 


3,481 


46.9 


322 


67.2 


127.4 


209.0 


July 






238.8 


421.5 


3,362 


52.2 


307 


49.9 


129.9 


216.2 



(1) Source: Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. (3) 8 Leading industries. 
First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. *12-Months ending June 1949. 



UNEMPLOYMENT INSURANCE 



.000 OF PERSONS 




$MM. 




450 , 



DJ FMAMJ JA SOND 



DJFMAMJJASOND 



AUGUST 1949 



130 



VI— UNEMPLOYMENT INSURANCE STATISTICS 

Unemployment Insurance Commission and Dominion Bureau of Statistics 





Claims'" 


Claimants on live 


Number 


Average 
Duration of 
Unemploy- 
ment during 


Average 


Total 




Balance 




Filed 


Unemployment 


of Persons 


Amount of 


Amount of 


Total 


in fund 




During 


Register 01 


Receiving 


Benefit 


Benefit 


Revenue 


at end 




Month 






Benefit 


Paid 


Paid 




of Period 












Male 


Female 




Month 












Thousands 


Days 


Dollars 


Millions of Dollars 


Mthly Average 




















1944 


7.6 


7.7 


2.5 


8.6 


15.5 


29.61 


.3 


6.9 


250.1 


1945 


24.7 


29.5 


11.6 


31.7 


18.5 


36.24 


1.2 


7.0 


315.9 


1946 


40.7 


73.9 


22.9 


101.3 


20.7 


41.26 


4.3 


7.9 


357.2 


1947 


36.9 


49.9 


18.3 


70.1 


19.5 


37.65 


2.7 


8.7 


429.8 


1948 


54.1 


66.4 


22.4 


92.2 


18.0 


35.72 


3.4 


10.7 


517.7 


Montlilv 




















1948-Jan. 


100.3 


103.8 


27.0 


106.4 


18.8 


36.90 


3.9 


9.8 


435.7 


Feb. 


76.7 


116.7 


29.4 


138.4 


18.4 


36.25 


5.0 


10.2 


440.8 


Mar. 


G3.9 


107.8 


28.6 


154.8 


21.7 


42.84 


6.6 


13.3 


447.7 


Apr. 


49.0 


78.3 


27.2 


139.5 


18.9 


37.13 


5.2 


11.8 


454.1 


May 


33.6 


47.7 


23.3 


107.3 


17.6 


34.16 


3.7 


8.8 


459.2 


June 


31.5 


36.9 


19.6 


75.8 


17.8 


34.31 


2.6 


8.8 


465.4 


July 


30.5 


31.0 


17.5 


64.4 


16.6 


33.32 


2.1 


9.8 


473.2 


Aug. 


25.0 


28.1 


16.2 


55.0 


17.2 


33.36 


1.8 


10.2 


481.6 


Sept. 


28.1 


28.3 


16.4 


49.4 


17.7 


34.31 


1.7 


10.5 


490.3 


Oct. 


38.1 


36.9 


18.5 


50.5 


17.4 


34.95 


1.8 


11.3 


499.8 


Nov. 


66.4 


62.8 


20.9 


65.0 


17.0 


35.15 


2.3 


11.6 


509.2 


Dec. 


105.9 


118.7 


25.4 


99.8 


16.9 


35.99 . 


3.6 


12.1 


517.7 


1949-Jan. 


126.6 


164.4 


33.2 


163.6 


18.7 


41.11 


6.7 


11.9 


522.8 


Feb. 


93.5 


173.0 


35.9 


210.7 


17.7 


38.73 


8.2 


12.5 


527.1 


Mar. 


88.8 


151.4 


34.4 


239.8 


19.4 


43.20 


10.4 


12.5 


529.5 


Apr. 


58.1 


104.6 


29.9 


191.7 


17.7 


39.68 


7.6 


10.8 


532.4 


May 


52.7 


69.1 


26.7 


150.7 


16.4 


36.56 


5.5 


10.6 


537.5 


June 


44.8 


55.9 


24.4 


111.8 


16.6 


36.79 


4.1 


11.2 


544.5 



BY PROVINCES 





Number of Persons Receiving Benefit 




P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C. 




Thousands 


Mthly Average 




















1944 


- 


.4 


.2 


3.4 


1.3 


.7 


.4 


1.3 


.9 


1945 


.1 


1.6 


.3 


14.0 


7.4 


2.4 


.8 


1.7 


3.3 


1946 


.4 


5.0 


2.1 


36.0 


33.6 


5.6 


2.2 


3.3 


13.0 


1947 


.5 


6.4 


2.5 


21.9 


19.0 


5.1 


2.4 


3.4 


8.9 


1948 


.7 


7.2 


3.7 


28.1 


25.2 


5.9 


3.3 


4.2 


14.0 


Monthly 




















1948-Jan. 


.9 


8.9 


3.6 


31.7 


30.6 


6.9 


4.3 


4.6 


14.8 


Feb. 


1.3 


9.9 


5.2 


39.2 


43.4 


8.7 


5.5 


5.6 


19.7 


Mar. 


1.4 


12.7 


5.9 


44.7 


41.6 


10.9 


6.8 


7.4 


23.3 


Apr. 


1.3 


12.0 


6.0 


43.1 


35.4 


10.0 


6.2 


6.6 


18.9 


May 


.8 


9.3 


4.9 


32.9 


26.4 


8.2 


4.5 


6.1 


14.2 


June 


.3 


6.0 


3.9 


23.7 


18.3 


5.3 


1.8 


3.7 


12.7 


July 


.3 


4.6 


2.8 


19.8 


19.1 


3.4 


1.4 


2.2 


10.8 


Aug. 


.3 


5.3 


2.1 


17.6 


14.9 


3.0 


1.3 


1.9 


8.6 


Sept. 


.3 


4.0 


1.9 


15.5 


15.3 


2.6 


1.1 


1.5 


7.3 


Oct. 


.3 


3.9 


1.7 


17.3 


13.3 


2.5 


1.2 


2.7 


7.7 


Nov. 


.3 


3.6 


2.5 


20.4 


19.0 


3.4 


1.7 


2.9 


11.2 


Dec. 


.8 


6.0 


3.8 


31.7 


24.6 


5.8 


4.1 


4.6 


18.4 


1949-Jan. 


1.4 


9.4 


6.1 


48.1 


43.2 


9.3 


6.4 


7.5 


32.2 


Feb. 


1.7 


12.6 


8.0 


62.3 


55.9 


11.1 


8.1 


8.7 


42.3 


Mar. 


1.9 


14.0 


8.6 


68.5 


67.1 


12.7 


8.6 


10.4 


48.0 


Apr. 


1.8 


11.5 


8.7 


61.5 


52.4 


11.4 


6.9 


9.4 


28.0 


May 


1.2 


10.2 


9.S 


50.8 


42.8 


7.9 


3.2 


5.8 


19.0 


June 


.6 


6.3 


6.1 


38.3 


31.2 


5.6 


1.9 


4.5 


17.2 



(1) Initial and renewal claims, excluding reconsiderations of existing claims. (2) At end of month. 



131 



Index 1935-39 = 100 



AUGUST 1949 



VII— INDUSTRIAL PRODUCTION (1) 

Dominion Bureau of Statistics 







Non-Durable Manufactures 


Durable Manufactures 


Total 


Electric 
Power 


Total 
Industrial 
Produc- 
tion 




Mining 


Foods & 
Beverages 


Clothing 


Total 


Iron & 
Steel 


Transpor- 
tation 
Equipment 


Total 


Manufac- 
tures 


Average of months 






















1937 


105.0 


102.0 


103.5 


105.8 


115.7 


121.2 


113.9 


108.8 


105.6 


108.0 


1941 


134.5 


136.3 


144.9 


140.4 


221.3 


298.7 


205.1 


164.2 


127.9 


157.2 


1946 


103.3 


174.6 


130.5 


163.0 


187.3 


215.9 


179.3 


169.0 


159.2 


159.2 


1947 


112.7 


184.3 


134.0 


174.2 


211.9 


240.0 


208.4 


186.8 


172.5 


175.5 


1948 


127.9 


188.9 


139.2 


179.0 


221.2 


236.4 


214.6 


192.1 


170.2 


181.5 


Monthly 






















1948— Jan. 


118.5 


186.2 


135.9 


175.9 


220.7 


211.9 


212.3 


189.3 


166.2 


177.8 


Feb. 


120.4 


190.3 


142.7 


181.5 


223.1 


209.9 


216.2 


194.2 


162.0 


181.6 


Mar. 


128.0 


182.3 


145.3 


179.3 


224.0 


255.3 


217.1 


193.2 


165.4 


182.0 


Apr. 


137.3 


186.8 


144.2 


181.4 


225.8 


250.3 


213.5 


193.2 


174.5 


184.1 


May 


130.2 


184.4 


141.0 


178.0 


223.2 


237.2 


211.9 


190.5 


187.5 


182.0 


June 


123.7 


186.9 


133.7 


178.0 


214.3 


235.4 


211.5 


190.3 


179.1 


180.3 


July 


127.2 


195.8 


128.5 


174.1 


202.8 


201.6 


197.2 


182.6 


179.8 


174.8 


Aug. 


123.1 


194.7 


130.1 


174.6 


208.5 


210.4 


202.2 


184.7 


176.1 


175.6 


Sept. 


127.9 


196.3 


131.5 


181.1 


223.1 


250.2 


219.5 


195.3 


171.0 


184.1 


Oct. 


130.7 


189.0 


143.7 


181.4 


229.5 


254.7 


223.9 


197.1 


165.1 


185.4 


Nov. 


132.3 


188.9 


145.8 


182.2 


229.4 


258.7 


223.0 


197.2 


156.9 


185.1 


Dec. 


136.3 


184.9 


148.1 


180.2 


230.2 


261.2 


226.3 


197.2 


159.3 


185.8 


1949— Jan. 


131.9 


170.5 


143.9 


173.6 


234.5 


204.2 


213.7 


188.4 


163.8 


178.7 


Feb. 


129.5 


164.6 


148.1 


175.3 


235.1 


222.5 


216.7 


190.6 


163.3 


180.0 


Mar. 


127.4 


179.0 


152.0 


179.6 


237.8 


252.5 


228.3 


197.5 


172.6 


185.9 


Apr. 


125.0 


178.2 


151.7 


179.1 


231.4 


266.6 


220.1 


194.2 


194.3 


184.7 


May 


126.9 


190.6 


148.0 


181.9 


227.7 


257.8 


216.9 


194.8 


196.6 


185.6 


June* 


131.6 


192.2 


132.5 


181.0 


227.1 


273.3 


219.6 


195.2 


193.6 


185.9 



(1) Physical volume of Production. Seasonally adjusted indexes. * Preliminary. 



INDEX 1935-39=100 



INDUSTRIAL PRODUCTION 

MONTHLY 



INDEX 1935-39=100 





80 



DJ F M A M J JA SOND 



DJ FMAMJ JA SOND 



AUGUST 1949 



132 



Millions of Dollars 



VIII— RETAIL MERCHANDISE TRADE* 

Dominion Bureau of Statistics 





Grocery 
& Comb- 
ination 
Stores 


Meat 
Stores 


Country 
General 
Stores 


Depart- 
ment 
Stores 


Variety 
Stores 


Motor 
Vehicle 
Dealers 


Garages 
& Filling 
Stations 


Men's 

Clothing 

Stores 


Family 

Clothing 

Stores 


Women's 

Clothing 

Stores 


Shoe 
Stores 


Annual Total 
























1941 


567 


80 


213 


378 


85 


360 


205 


80 


74 


71 


44 


1947 


1,056 


158 


417 


707 


136 


633 


344 


157 


145 


134 


86 


1948 


1,205 


166 


452 


805 


156 


707 


386 


168 


153 


159 


91 


12 mths. ending 
























June 1949 

Monthly 


1,251 


174 


454 


838 


161 


752 


404 


170 


155 


166 


93 
























1947— Oct. 


95.1 


15.1 


38.6 


66.9 


11.6 


64.0 


32.2 


13.5 


13.9 


12.3 


7.4 


Nov. 


95.4 


13.7 


38.2 


81.6 


13.4 


57.5 


29.5 


16.7 


15.8 


12.9 


8.4 


Dec. 


101.0 


15.5 


40.5 


93.2 


24.0 


46.9 


27.6 


20.2 


18.9 


17.4 


10.5 


1948— Jan. 


91.7 


12.2 


28.7 


45.1 


8.2 


52.3 


24.6 


10.9 


9.0 


9.7 


4.9 


Feb. 


84.6 


11.3 


26.7 


45.9 


8.4 


40.1 


21.8 


10.1 


8.1 


8.1 


4.7 


Mar. 


92.1 


12.4 


31.4 


64.5 


11.3 


58.9 


25.7 


13.5 


11.4 


13.0 


6.9 


Apr. 


95.1 


13.2 


34.6 


65.3 


10.8 


63.5 


29.4 


13.7 


12.2 


13.9 


8.0 


May 


100.3 


13.4 


39.9 


65.5 


12.5 


62.7 


34.2 


14.5 


13.0 


14.3 


8.4 


June 


101.0 


13.6 


39.6 


63.4 


12.6 


68.7 


36.8 


15.3 


13.1 


13.9 


9.2 


1948— Oct. 
Nov. 


109.7 


16.3 


43.0 


82.4 


14.3 


65.8 


36.4 


16.0 


16.2 


16.0 


7.9 


102.3 


14.6 


39.2 


89.7 


14.2 


64.5 


33.2 


16.2 


15.2 


14.2 


7.5 


Dec. 
1949— Jan. 


116.5 


17.7 


43.7 


109.7 


27.6 


54.5 


29.5 


22.5 


20.4 


19.7 


12.3 


94.1 


13.4 


28.5 


49.1 


8.8 


43.8 


25.6 


11.3 


9.4 


10.5 


5.3 


Feb. 
Mar. 


92.7 


12.8 


27.3 


50.1 


9.0 


37.9 


22.8 


9.2 


7.7 


9.0 


4.6 


101.9 


13.8 


31.8 


69.1 


10.7 


65.4 


28.5 


13.4 


10.6 


13.1 


6.2 


Apr. 


108.3 


15.4 


36.8 


75.0 


14.0 


81.6 


36.9 


16.2 


15.5 


18.2 


10.4 


Mav 


103.9 


14.2 


39.6 


72.1 


13.0 


79.8 


37.2 


13.9 


12.6 


14.5 


8.3 


June 


109.7 


14.7 


39.5 


67.2 


13.5 


81.9 


39.4 


15.7 


13.3 


14.6 


9.7 






Annual Total 

1941 
1947 
1948 

12-mths. ending 

June 1949 

Monthly 

1947— Oct. 

Nov. 

Dec. 
1948— Jan. 

Feb. 

Mar. 

Apr. 

May 

June 



1948- 



1949- 



Oct. 
Nov. 
Dec. 
-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 



Hardware 


Lumber& 
Building 


Furniture 


Appliance 
& Radio 
Dealers 


Stores 


Material 
Dealers 


Stores 


73 


80 


64 


46 


158 


176 


130 


83 


168 


215 


133 


93 


172 


225 


132 


95 


14.5 


19.4 


11.7 


7.8 


14.2 


16.0 


11.8 


8.3 


16.2 


12.4 


12.4 


10.1 


10.0 


11.1 


9.4 


7.0 


8.7 


9.9 


8.6 


6.3 


10.7 


12.3 


10.0 


7.6 


13.8 


15.5 


11.6 


7.8 


16.5 


18.7 


12.4 


7.5 


16.7 


21.6 


11.6 


7.3 


16.1 


23.3 


12.7 


9.1 


15.3 


20.5 


12.1 


8.6 


17.4 


16.9 


12.1 


10.3 


10.5 


12.1 


8.8 


7.2 


8.8 


11.8 


8.7 


6.4 


10.9 


14.1 


10.3 


8.1 


15.4 


16.7 


11.9 


8.4 


17.2 


22.0 


11.8 


8.1 


16.7 


22.2 


11.6 


7.6 



Restau- 
rants 



127 
257 
265 

269 

22.4 
21.4 
21.1 
19.9 
19.0 
20.6 
21.1 
22.2 
22.3 

23.5 
21.9 
21.4 
20.1 
18.9 
20.8 
22.3 
22.6 
23.9 



Coal& 
Wood 
Dealers 



99 
163 

184 

177 

15.8 
15.2 
17.1 
19.0 
17.3 
15.9 
12.0 
11.3 
12.0 

18.0 
15.9 
17.5 
17.9 
17.0 
15.4 
9.2 
10.1 
11.4 



Drug 
Stores 



101 
171 
181 

185 

14.7 
14.0 
20.2 

14.4 
13.6 
14.7 
14.2 
14.8 
14.4 

15.6 
14.6 
21.2 
14.6 
14.3 
15.7 
15.5 
15.0 
14.9 



Jewellery 
Stores 



38 
68 
70 

72 

5.3 
6.3 
15.7 
4.0 
3.5 
4.4 
4.1 
4.7 
5.4 

5.6 
5.9 
16.4 
3.7 
3.5 
5.0 
5.5 
5.1 
5.7 



Tobacco 
Stores 



43 
93 
98 

100 

7.9 
7.9 

10.7 
7.4 
7.2 
7.8 
8.0 
8.1 
7.9 

8.4 
8.0 
11.6 
7.6 
7.3 
8.1 
8.4 
8.5 
8.3 



All Other 
Trades 



609 
1,292 
1,422 

1,476 

116.5 
111.5 
132.3 
91.3 
81.0 
102.0 
105.6 
120.2 
128.8 

125.3 
116.7 
151.8 
90.9 
89.6 
106.6 
131.9 
125.5 
137.9 



Total 

All 
Trades 



3,437 
6,563 

7,277 

7,521 

606.6 
609.6 
683.6 
490.8 
444.7 
546.9 
573.2 
615.3 
635.1 

681.6 
650.0 
770.5 
493.4 
469.5 
579.5 
673.2 
654.9 
679.3 



\' The 1941-47 change in sales of sample stores within each category was applied to the 1941 sales of all stores within that category in order to arrive at 1947 
stimates. Monthly estimates for 1948 and 1949 were obtained by applying the monthly percentage change, of sample store sales, from the same month of the 
irevious year, to the estimated total value of retail sales for the corresponding month of the previous year. Estimates have not been adjusted for changes in 
lumber of stores since 1941. 



133 



AUGUST 1949 



CANADA 

Dominion Bureau of Statistics*- 1 ) 



IX— WHOLESALE PRICES 

Index 1935-39 = 100 
U.K. 

Board of Trade m 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180.6 


162.7 


154.2 


167.4 


1948 


229.6 


216.0 


202.4 


184.3 


198.9 


Monthly 












1948-June 


239.1 


215.6 


205.7 


181.5 


197.3 


July 


240.0 


214.5 


205.3 


182.5 


197.4 


Aug. 


238.2 


225.7 


206.9 


188.4 


205.3 


Sept. 


236.2 


225.2 


206.6 


189.0 


205.4 


Oct. 


232.7 


226.7 


207.0 


189.4 


206.6 


Nov. 


232.4 


227.1 


206.9 


189.1 


206.7 


Dec. 


233.6 


226.3 


207.0 


189.1 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


186.6 


204.3 


May 


225.2 


220.6 


205.9 


187.0 


202.9 


June 


230.2 


221.6 


209.6 


186.7 


202.7 


July 


231.4 


222.4 


211.4 


186.7 


203.1 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


193.7 


223.8 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


222.1 


195.4 


228.1 


209.0 


232.9 


212.3 


233.3 


212.5 


230.4 



U.S.A. 

Bureau of Labor Statistics^ 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.7 


257.9 


237.8 


229.3 


192.8 


206.2 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.7 


217.7 


205.9 


186.1 


196.5 


224.3 


215.9 


205.9 


184.7 


194.7 


225.3 


216.1 


207.1 


183.0 


193.2 


221.7 


213.9 


205.3 


181.8 


191.6 


218.2 


212.2 


203.9 


180.8 


190.3 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926= 100. 

(2) Adjusted to 1935-39=100 from base 1913 = 100 in 1929 and from base 1930 = 100 thereafter. 

(3) Adjusted to 1935-39 = 100 from base 1926= 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive to 
Aug. 1, 1945. 






INDEX 1926 = 100 



U.S.A. WEEKLY WHOLESALE PRICE INDEXES 

BUREAU OF LABOUR STATISTICS 



NDEX 1926=100 







AUGUST 1949 



Index 1935-30 = 100 



134 



X— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1948— Mar. 


185.9 


121.0 


169.9 


119.9 


161.2 


122.8 


150.8 


Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


•157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


T59.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 



"Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1 ,000-$l ,600 most common. 



COST OF LIVING INDEXES 



INDEX 1935-39 = 100 



MONTHLY 



INDEX 1935-39 = 100 




135 



AUGUST 1949 









XI— GRAINS : ACREAGE AND 


PRODUCTION : 1941-49 


















Dominion Bureau of Statistics 














WHEAT 


OATS 


BARLEY 


RYE 


FLAXSEED 


OTHER GRAINS' 


B) 

SUMMER 
FALLOW 


Total 




mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. bus. mm. acres 


mm. bus. 


mm. acres 


mm. bus. 


mm. acres 


mm. acres 


mm. acrrs 


TOTAL CANADA 


1941 


314.8 


21.9 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


23.1 


66.6 


1942 


556.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943 


284.5 


16.9 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


66.8 


1944 


416.6 


23.3 


499.6 


14.3 


194.7 


7.3 


8.5 


.6 


9.7 


1.3 


74.7 


2.0 


19.4 


68.3 


1945 


318.5 


23.4 


381.6 


14.4 


157.8 


7.4 


5.9 


.5 


7.6 


1.1 


62.6 


2.0 


19.9 


68.5 


1946 


413.7 


24.5 


371.1 


12.1 


148.9 


6.3 


8.8 


.7 


6.4 


.8 


68.6 


1.8 


20.4 


66.6 


1947 


336.8 


24.3 


278.7 


11.0 


141.4 


7.5 


13.2 


1.2 


12.2 


1.6 


46.8 


1.6 


19.4 


66.6 


1948 


393.3 


24.1 


358.8 


11.2 


155.0 


6.5 


25.3 


2.1 


17.7 


1.9 


78.4 


2.0 


20.0 


67.8 


1949f 


391.5 


27.:> 


317.3 


11.3 


126.5 


6.0 


9.9 


1.2 


2.5 


.3 


* 


* 


20.6 


* 


MANITOBA 


1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


.2 


3.0 


.1 


2.8 


8.5 


1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8.3 


1943 


39.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 


.1 


2.3 


8.4 


1944 


50.3 


2.5 


61.0 


1.6 


54.7 


2.1 


.6 


- 


1.8 


.2 


1.9 


.1 


1.8 


8.4 


1945 


38.8 


2.1 


54.5 


1.7 


52.5 


2.1 


.4 


- 


2.8 


.3 


1.3 


.1 


2.5 


8.8 


1946 


58.0 


2.5 


50.0 


1.4 


43.0 


1.7 


.3 


- 


3.0 


.3 


.8 


- 


2.6 


8.6 


1947 


42.0 


2.5 


39.0 


1.4 


34.0 


1.9 


.6 


- 


5.2 


.6 


.6 


- 


2.2 


8.6 


1948 


57.0 


2.4 


60.0 


1.5 


45.0 


1.5 


2.0 


.1 


9.0 


1.0 


.7 


- 


2.1 


8.7 


1949f 


67.0 


3.2 


54.0 


1.7 


42.0 


1.7 


.8 


— 


1.3 


.1 


* 


* 


2.1 


* 



SASKATCHEWAN 



1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


_ 


13.8 


33.0 


1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


1943 


146.0 


9.6 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


33.9 


1944 


242.1 


13.2 


198.0 


5.6 


72.0 


2.7 


4.8 


.4 


6.4 


.9 


3.8 


.1 


11.6 


34.6 


1945 


168.0 


13.6 


143.0 


5.7 


54.5 


2.7 


2.6 


.3 


3.8 


.7 


1.4 


.1 


11.7 


34.7 


1946 


208.0 


14.2 


100.0 


4.3 


43.0 


2.3 


4.0 


.4 


2.6 


.5 


.2 


- 


11.8 


33.4 


1947 


170.0 


14.2 


80.0 


4.0 


45.0 


2.8 


6.8 


.7 


4.2 


.7 


.1 


- 


11.5 


33.9 


1948 


191.0 


14.4 


89.0 


3.7 


42.0 


2.3 


10.5 


1.2 


4.7 


.6 


.1 


- 


11.7 


33.9 


1949f 


199.0 


15.7 


91.0 


3.4 


35.0 


1.8 


4.3 


.7 


.8 


.1 


* 


12.1 


* 


ALBERTA 


1941 


98.0 


6.5 


63.8 


2.8 


28.0 


1.5 


1.9 


.2 


.8 


.1 


.9 


.1 


6.5 


17.7 


1942 


171.0 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


.2 


2.2 


.2 


2.7 


.1 


5.9 


17.9 


1943 


82.8 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.6 


2.2 


.1 


6.3 


17.8 


1944 


99.3 


6.7 


111.8 


3.2 


51.7 


1.9 


1.7 


.1 


1.2 


.2 


1.6 


.1 


6.0 


18.2 


1945 


87.7 


6.8 


76.0 


3.3 


37.0 


2.0 


1.5 


.1 


.7 


.1 


1.4 


.1 


5.7 


18.2 


1946 


127.0 


7.0 


97.0 


2.8 


48.0 


1.8 


2.9 


.2 


.6 


.1 


.7 


- 


6.0 


17.8 


1947 


103.0 


6.6 


75.0 


2.5 


52.0 


2.4 


4.3 


.3 


2.2 


.3 


.4 


- 


5.8 


17.9 


1948 


115.0 


6.3 


75.0 


2.4 


55.0 


2.2 


9.9 


.6 


3.1 


.2 


1.1 


- 


6.2 


17.9 


1949f 


96.0 


7.6 


55.0 


2.3 


38.0 


2.1 


2.5 


.3 


.3 


- 


* 


* 


6.4 


* 















OTHER 


PROVINCES 














1941 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 i .1 


.1 


62.4 


1.9 


* 


7.5 


1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


- 


80.8 


2.0 


* 


7.7 


1943 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 


.1 


.3 


- 


43.4 


1.7 


* 


6.7 


1944 


24.9 


.8 


128.8 


3.9 


16.3 


.5 


1.4 


.1 


.3 


- 


67.4 


1.8 


* 


7.2 


1945 


23.9 


.8 


108.1 


3.6 


13.8 


.5 


1.4 


.1 


.3 


— 


58.5 


1.8 


* 


6.8 


1946 


20.7 


.7 


124.1 


3.6 


14.9 


.5 


1.5 


.1 


.2 


- 


66.9 


1.7 


* 


6.6 


1947 


21.8 


.9 


84.7 


3.2 


10.4 


.4 


1.6 


.1 


.7 


.1 


45.7 


1.6 


* 


6.2 


1948 


30.3 


1.0 


134.8 


3.6 


13.0 


•4 


3.0 


.1 


.9 


.1 


76.5 


1.9 


* 


7.3 


L949t 


29.5 


l.d 


117.3 


3.9 


11 .5 


.4 


2.3 .1 


.2 


* 


* 


* 


* 



(1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces only. * Not available, t First estimate. 



\UGUST 1949 

XII— CANADIAN WHEAT : STATISTICAL POSITION 

Mil' f R hi Compiled from "Grain Trade of Canada" and the "Monthly Review of the Wheat Situation" 



136 







Supplies 


Beginning of Period 




Apparent 


Available 
for 


Exports^ 




CROP YEAR 




_. 








■p j r 


Beginning 
August 1 


Grain 

in 
Canada 


Canadian 

Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


Domestic 
Dis- 
appearance 


Export 
and 

Carry- 
over 


of Wheal 

and 

Flour 


Period 
Stocks 


1928/29 


78 


14 


91 


567 


658 


132 


525 


398 


127 


1929/30 


104 


23 


127 


305 


432 


112 


320 


193 


127 


1930/31 


111 


16 


127 


421 


547 


139 


408 


269 


139 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


263 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


214 


1935/36 


202 


12 


214 


282 


496 


122 


374 


247 


127 


1936/37 


108 


19 


127 


219 


347 


99 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


97 m 


120 


96 


25 


1938/39 


24 


1 


25 


360 


385 


122 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


130 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


226 


424 


1942/43 


405 


19 


424 


557 


980 


171 


809 


215 


595 


1943/44 


579 


15 


595 


284 


879 


179 


700 


344 


357 


1944/45 


338 


18 


357 


417 


773 


172 


601 


343 


258 


1945/46 


238 


20 


258 


319 


577 


160 


417 


343 


74 


1946/47 


73 


- 


74 


414 


487 


162 


326 


239 


86 


1947/48 


86 


- 


86 


342 


428 


155 


273 


195 


78 


1948/49 


78 


— 


78 


393 


471 


140 


331 


232 w 


99 


1949/50 


99 


— 


99 


392 (4) 


490 











(1) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports until 1935/36; after that year Board 
of Grain Commissioners' clearances. (2) Exclusive of consumption of 5.7 mm. bushels imported from the United States. (3) Preliminary. (4) Estimate. 



CANADIAN WHEAT: SUPPLIES AND DISTRIBUTION 



MILLIONS OF BUSHELS 



CROP YEARS ENDING JULY 31 



MILLIONS OF BUSHELS 



1000 



1000 




1939 40 41 42 4 3 44 45 46 47 48 49 50" 

(1) Preliminary. 



1939 40 41 42 43 44 45 46 47 48 49 50'" 



137 



Millions of Dollars 



AUGUST 1949 



XIII— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 









TOTAL EXPORTS (EXCLUDING GOLD) TO 








U.S.A. 


U.K. 


U.K. 
Dependen- 
cies 


Union 

of 
South 
Africa 


Other 

British 

Countries 

(3) 


Western 
Europe & 
Colonies 

(4) 


Central 

and 

South 

America 


All 

Other 

(5) 


Total 

All 

Countries 


Calendar Yeais 

1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 

12-Mths. ending 

July 1949 


1,516 
1,544 


719 
682 


94 

82 


83 
92 


115 
157 


307 
298 


127 

130 


163 
135 


3,124 
3,119 


Monthly 

1948-Apr. 


111.4 


53.5 


6.9 


8.0 


7.9 


16.3 


9.1 


9.5 


222.5 


May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949- J an. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.8 


Mar. 


123.4 


44.6 


7.2 


4.9 


13.6 


12.1 


10.0 


10.0 


225.8 


Apr. 


113.0 


58.4 


5.7 


6.5 


13.1 


22.3 


10.5 


6.5 


235.9 


May 


122.9 


74.3 


8.1 


11.0 


13.0 


27.4 


13.2 


5.4 


275.5 


June 


114.1 


61.1 


6.3 


11.8 


15.2 


31.0 


14.5 


6.4 


260.5 


July <6> 


105.4 


67.1 


5.3 


8.8 


15.3 


25.6 


9.3 


6.1 


243.0 



Millions of Dollars 




MERCHANDISE IMPORTS"'* 










TOTAL IMPORTS (EXCLUDING GOLD) FROM 








U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U. K. 


Dependen- 


of 


British 


Europe & 


and 


Other 


All 






(2) 




South 


Countries 


Colonies 


South 














Africa 


(31 


(4) 


America 


(5) 




Calendar Years 




















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















June 1949 


1,930 


323 


111 


5 


82 


88 


202 


36 


2,776 


Monthly 




















1948-Apr. 


159.5 


24.5 


9.1 


.4 


5.2 


5.0 


20.1 


2.8 


226.6 


May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24.0 


9.4 


.2- 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


1949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 


Feb. 


1 18.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 


Mar. 


169.0 


28.3 


7.6 


.6 


7.1 


7.2 


14.0 


2.1 


235.9 


Apr. 


177.3 


30.1 


7.7 


.5 


6.1 


7.2 


11.7 


2.1 


242.7 


May 


172.1 


29.5 


11.6 


.4 


8.2 


7.7 


17.0 


4.0 


250.5 


June (6) 


176.9 


26.9 


11.0 


.5 


7.8 


8.4 


16.0 


3.0 


250.5 



* Commencing April 1. 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the id ( 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Icelai 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(5) Includes Egypt, Spain, Palestine, and also Newfoundland until March 
1949. 

(6) Preliminary. 




138 



MERCHANDISE TRADE* 

EXPORTS, IMPORTS AND BALANCE 

RUNNING 12-MONTH TOTALS 



MILLIONS OF DOLLARS 



1947 1948 1949 

* Excluding gold. See footnotes to tables on page 137. 




CANADIAN EXPORT £ 
BALANCE WITH U. K. $ 

■:•■■■ 




CANADIAN IMPORTS FROM U.K. 



CANADIAN EXPORTS 
TO OTHER BRITISH COUNTRIES 



CANADIAN EXPORT 
BALANCE WITH OTHER 
BRITISH COUNTRIES 
&666 



1000 



800 



600 



400 



200 





FROM OTHER BRITISH COUNTRIES 



500 



300 



00 



I 



1947 



1948 



1949 



139 


















AUGUST 194! 


:' 


















XIV- 


MERCHANDISE EXPOF 




Millions of Dollars 
















Compiled from 


"Trade of C< 




Calendar 
Years 


Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 
Flourd) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 

and 

Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


ra 






1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 




4 


* - 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 




1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


K 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


i! 


1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


37 


17 


I 


1948 


21 


382 


23 


74 


74 


70 


65 


12 


18 


39 


50 




12-Mths. ending 


























June 1949 


21 


455 


24 


62 


85 


26 


59 


14 


19 


27 


55 


> 


Monthly 

1948-Apr. 


.4 


26.6 


.2 


3.4 


2.3 


9.8 


3.0 


.1 


.5 


.9 


1.2 






May 


.6 


36.0 


1.5 


5.3 


2.8 


13.8 


2.5 


.1 


1.0 


4.3 


3.2 




< 


June 


.7 


28.8 


1.5 


6.2 


3.3 


5.7 


1.6 


- 


2.0 


2.5 


3.3 






July 


1.5 


25.8 


1.6 


3.4 


3.0 


3.6 


2.1 


.1 


1.8 


3.6 


2.0 






Aug. 


1.1 


21.9 


1.3 


2.4 


5.0 


3.0 


3.1 


.5 


2.9 


2.2 


1.8 






Sept. 


2.5 


28.3 


1.7 


6.2 


19.3 


2.5 


11.0 


4.0 


2.6 


3.8 


3.1 






Oct. 


3.6 


38.1 


2.2 


6.4 


14.0 


2.7 


9.0 


3.0 


2.3 


5.9 


4.0 


3 


Nov. 


3.3 


44.6 


5.5 


8.2 


14.2 


1.7 


10.2 


2.1 


1.7 


2.4 


8.5 




2 


Dec. 


3.3 


37.9 


5.5 


15.2 


5.9 


2.9 


7.5 


.7 


1.4 


.9 


11.2 






1949-Jan. 


2.0 


41.0 


1.4 


1.4 


2.6 


3.0 


4.5 


- 


1.2 


3.1 


5.3 


3 


Feb. 


1.2 


32.6 


1.2 


1.9 


2.2 


1.6 


2.3 


- 


1.1 


2.1 


5.2 






Mar. 


.9 


35.9 


1.1 


2.0 


3.7 


1.2 


2.6 


- 


.7 


.2 


5.3 




■i. 


Apr. 


.6 


37.5 


.8 


5.0 


3.9 


1.5 


2.1 


.5 


.5 


.8 


4.8 






May 


.6 


56.1 


.7 


5.7 


3.5 


1.5 


2.4 


.8 


1.4 


.9 


2.1 


J 




June 


.7 


55.7 


.6 


3.9 


7.3 


.8 


2.7 


2.5 


1.1 


1.4 


1.9 







Calendar 
Years 


Artificial 
Silk 


Other 

Fibres 

& Textiles 

(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos, 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 
Products 


Copper 

and 
Products 


Lead 

and 

Products 


i 

i 


1929 




8 


20 


7 


47 




16 


3 


15 


37 


11 




1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 




1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 




1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


. 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


1 


1948 


7 


35 


74 


41 


55 


21 


91 


17 


102 


79 


35 




12-Mths. ending 


























June 1949 


.4 


30 


99 


37 


47 


24 


97 


14 


92 


84 


43 




Monthly 

1948-Apr. 


.8 


2.5 


6.9 


3.0 


5.7 


1.2 


6.4 


1.7 


7.0 


4.3 


2.3 


j 


May 


.8 


2.9 


6.3 


3.4 


4.4 


2.1 


9.8 


1.9 


14.9 


9.4 


3.1 


' 


June 


.7 


3.3 


5.8 


2.8 


4.2 


2.4 


7.4 


1.5 


7.6 


5.1 


1.3 


4 


July 


.6 


4.5 


6.7 


2.9 


4.6 


2.5 


6.6 


1.1 


8.5 


5.8 


2.9 





Aug. 


.4 


4.0 


4.4 


2.5 


3.7 


2.1 


5.3 


1.2 


8.8 


6.2 


3.5 




Sept. 


.4 


3.0 


6.9 


3.7 


1.3 


2.6 


7.5 


1.2 


7.5 


6.9 


3.7 


5 


Oct. 


.5 


3.0 


7.2 


3.3 


4.9 


2.2 


8.4 


1.2 


9.8 


7.6 


2.8 


b 


Nov. 


.4 


2.5 


5.2 


3.5 


5.6 


1.6 


10.2 


1.3 


9.2 


6.5 


4.7 


■ 


Dec. 


.3 


2.6 


7.4 


4.4 


8.7 


1.8 


11.6 


1.7 


5.3 


8.1 


4.0 




1949-Jan. 


.2 


2.6 


7.8 


2.2 


4.3 


1.7 


9.1 


1.1 


5.5 


8.5 


6.0 




Feb. 


.1 


1.7 


8.1 


2.5 


2.3 


1.2 


7.6 


1.1 


5.1 


4.6 


2.4 




Mar. 


.2 


1.9 


11.9 


2.8 


1.9 


2.1 


8.9 


1.3 


6.2 


6.6 


2.0 




Apr. 


.2 


1.2 


11.5 


3.1 


3.6 


1.7 


7.6 


1.0 


6.9 


7.7 


4.6 


: 


May 


.2 


3.1 


12.0 


2.9 


2.6 


2.6 


7.4 


.9 


11.1 


8.7 


3.8 




June 


2 


2.:; 


9.9 


3.5 


3.1 


1.9 


7.1 


1.0 


8.3 


6.3 


3.1 





(1) In the case of wheat for 1937, 46, 47, 48 & 49 export clearance figures are based on Board of Grain Commissioners rather than Customs data. ^' f 
1680. 1700. 1710. 2005. 2015, 2020. 2025, 2060, 2065, 2070, 2075, 2080. 2085. 2090, 2095, 2100-2110, 2490, 2500-2525, 2750, 2795. 2805, 2810, 2825, 2840, ». 



i\UGUST 1949 




















1 


MODITY CLASSIFICATION 


















ion Bureau of Statistics 


















Millions of Dollars 


id 


Fish 

(canned & 

salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpwood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
synthetic) 


Calendar 
Years 




24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


1929 




11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 


1 


16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 


4 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 


3 


44 


29 


24 


208 


35 


178 


342 


31 


69 


28 


33 


1947 


4 


40 


24 


26 


196 


44 


212 


383 


34 


60 


29 


33 


1948 

12-Mths. ending 


3 


42 


23 


22 


170 


42 


195 


406 


27 


48 


34 


30 


June 1949 




2.5 


2.1 


1.2 


14.6 


1.9 


18.9 


29.1 


2.8 


5.7 


2.0 


2.1 


Monthly 

Apr.-1948 


2.3 


2.7 


2.0 


16.3 


2.5 


19.8 


33.8 


3.8 


5.8 


2.2 


3.2 


May- 


2.1 


2.5 


2.3 


15.5 


3.9 


17.9 


30.5 


2.9 


4.6 


1.7 


2.8 


June 




2.9 


1.5 


2.5 


17.3 


5.3 


18.8 


31.0 


2.5 


4.8 


2.5 


3.1 


July 


2.3 


1.8 


1.7 


17.3 


4.0 


16.2 


31.8 


2.9 


5.1 


2.1 


2.5 


Aug. 


3.0 


2.0 


3.8 


21.3 


6.0 


19.1 


36.9 


2.8 


4.7 


2.4 


3.0 


Sept. 


... ; 3.8 


.6 


2.2 


17.4 


4.7 


17.2 


33.0 


2.6 


5.0 


2.9 


2.8 


Oct. 


3.7 


.7 


2.2 


15.5 


3.9 


17.6 


34.5 


2.8 


4.8 


3.9 


2.8 


Nov. 


3.2 


2.3 


1.4 


13.2 


3.0 


18.1 


37.7 


2.9 


5.0 


3.1 


2.8 


Dec. 


.. ! 3.4 


3.9 


1.5 


11.1 


2.8 


15.2 


29.9 


1.9 


2.8 


3.1 


2.0 


Jan. -1949 


3.2 


2.5 


1.0 


10.2 


3.3 


15.4 


30.4 


1.4 


2.6 


2.1 


2.2 


Feb. 


'. ; 3.6 


2.1 


1.4 


11.1 


3.0 


15.6 


33.7 


1.6 


3.2 


3.4 


2.4 


Mar. 


3.2 


1.5 


1.4 


10.9 


1.3 


12.9 


32.4 


1.9 


3.6 


2.7 


2.7 


Apr. 


8 4.8 


2.2 


1.4 


12.5 


1.2 


14.8 


38.6 


2.0 


3.2 


2.7 


2.1 


May 




4.6 1.5 


1.7 


12.2 


3.0 


13.7 


35.6 


1.8 


2.7 


3.0 


2.1 


June 



140 





Zinc 
and 
WW Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 
Non- 
metallic 
Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 

Parts 


All 
Other 
Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

£old 


Calendar 
Years 


25 9 


5 


13 


17 


7 


14 


1 




33 


37 


1,190 


1929 


4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


28 
30 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 

12-Mths. ending 


55 


22 


32 


51 


41 


37 


91 


11 


95 


127 


3,224 


June 1949 


A 3.4 


1.5 


3.4 


3.9 


4.0 


3.3 


1.8 


1.5 


7.1 


9.5 


229.2 


Monthly 

Apr-1948 


4.0 


2.6 


3.7 


5.3 


3.8 


5.3 


4.0 


1.4 


9.3 


8.8 


292.3 


May 


3.0 


1.4 


3.7 


4.1 


1.6 


4.0 


8.9 


1.2 


7.5 


9.6 


245.0 


June 


2.9 


2.1 


3.3 


4.3 


2.7 


3.7 


17.7 


.4 


8.2 


10.8 


259.8 


July 


4.5 


1.7 


3.5 


3.9 


3.7 


3.3 


3.3 


.7 


7.3 


9.7 


233.0 


Aug. 


4.3 


1.6 


3.8 


6.3 


3.4 


3.5 


4.2 


.9 


8.3 


11.9 


299.1 


Sept. 


5.1 


2.1 


4.0 


5.3 


2.2 


3.6 


16.8 


.5 


7.1 


9.6 


306.7 


Oct. 


4.0 


2.6 


3.8 


5.7 


3.3 


3.2 


.1 


.8 


8.6 


9.1 


302.6 


Nov. 


'• -2 4.9 


1.6 


4.3 


5.4 


2.8 


3.2 


22.5 


.6 


9.9 


12.9 


327.5 


Dec. 


'• -9 5.8 


1.1 


2.8 


3.6 


3.7 


2.7 


.7 


.3 


7.8 


9.7 


248.0 


Jan. -1949 


3.7 


.9 


2.2 


3.4 


3.2 


2.6 


2.5 


.4 


6.3 


9.6 


216.3 


Feb. 


5.4 


1.2 


.9 


3.5 


4.7 


2.7 


.6 


.5 


5.9 


12.1 


235.6 


Mar. 


7 5.2 


1.5 


.9 


3.1 


4.9 


3.1 


7.2 


1.2 


6.0 


9.8 


242.1 


Apr. 


5.7 


1.8 


1.3 


3.3 


3.9 


3.0 


6.1 


1.6 


12.0 


12.4 


285.2 


May 


<« 3.8 


3.3 


1.5 


2.8 


2.0 


2.3 


9.0 


2.5 


7.4 


9.8 


268.0 


June 


'" »»s ;ms ii sted in 
•' *> 20, 3160-3187. 


"Trade of 


Canada" un 


der code nu 


fibers 180. 


600, 610. 69 


3, 710, 790, 


1170, 1500- 


1590, 1610, 


1620. 1630. 


1640, 1645, 


1650, 1660, 1670, 



<S 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Cliarls 



Pages 



I Bank of Canada: 

Liabilities and Assets . . . 141 - 142 

Money Supply 141 

Chartered Banks: Total Canadian Loans 142 

II Chartered Banks: 

Liabilities and Assets 143 - 144 

III Money Supply and Related Bank Assets 143 - 144 

IV Security Prices: 

Government Securities Payable in Canada only 145 

Yields of Government of Canada Bonds, Payable in Canada only . 145 

Government Securities, Canada, U.K. and U.S. A 140 

Yields of Government Bonds, Canada, U.K. and U.S.A. . . . 146 

V Government Bond Yields: Canada, U.K. and U.S.A. 147 

VI Official Holdings of Gold and United States Dollars .... 147 

VII Business Activity 148 

Business Activity lis 

VIII Wholesale Prices 149 

Export, Import and Canadian Wholesale Price Indexes . . . 149 

IX Export and Import Price Indexes 150 

X Cost of Living 151 

Cost of Living: Canada and U.S. A 151 

XI Average Hourly & Weekly Earnings and Hours Worked in Manufacturing 152 

Indexes of Average Hourly and Weekly Earnings in Manufacturing 152 

XII Cash Income From the Sale of Farm Products 153 

Cash Income from the Sale of Farm Products 153 

XIII Dairying Statistics 154 

Production of Milk and Dairy Products 154 

XIV Merchandise Imports: Commodity Classification 155 - 150 

XV Exports and Imports by Countries 157 

XVI U.S.A. Statistics: 

Employment, Production, Construction, Inventories, Income and Prices 158 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 



Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



SEPTEMBER 1949 



141 



1 














SEPTEMBER 194{S 


Millions of Dollars 


















I-B VK 










LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits'" 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


T« 
Liah 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


0.0 


I 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3|i 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,4 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,9 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.0 


36.3 


1,9 


End of 

1948— Mar. 


106.9 


519.2 


686.1 


42.2 


S6.7 


.1 


1,013.9 


25.8 


1,8 


Apr. 


140.5 


558.9 


699.4 


57.9 


120.0 


.2 


1,042.5 


26.7 


i,s 


May 


170.2 


547.3 


717.5 


135.9 


95. 8 


.5 


1,025.5 


31.5 


2,c;. 


June 


157.2 


517.0 


674.2 


138.4 


107.2 


2 


1,049.3 


31.5 


2,(). 


July 


158.1 


502.5 


660.6 


119.0 


84.1 


.1 


1,002.2 


32.1 


1,£J. 


Aug. 


176.0 


525.1 


701.1 


105.1 


90.3 


.1 


1,050.9 


36.1 


Ml 


1949— Mar. 


165.8 


540.3 


706.1 


02.6 


84.8 


87.3 


1,079.5 


31.7 


2,(J. 


Apr. 


161.7 


587.3 


749.0 


115.1 


SO.S 


00.1 


1,103.0 


26.9 


2,1). 


May 


193.5 


571.2 


764.7 


101.4 


05.2 


01.4 


1,070.3 


35.2 


2,(3 


June 


154.9 


568.3 


723.2 


112.2 


73.7 


07.7 


1,115.1 


44.1 


2,15 


July 


172.8 


566.9 


739.7 


94.3 


73. i s 


57.9 


1,098.2 


32.7 


2,1 


Aug. 


198.7 


578.0 


776.7 


109.7 


61.8 


00.7 


1,071.0 


38.5 


2,15 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. -fcMay 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to th( | 



MILLIONS Or DOLLARS 



4400 



4200 



4000 



3800 



3600 




DEC JAN FEB. MAR APR. MAY 

* For component statistics and footnotes see table on page 143. 



JUNE 



AUG. 



SEPT 



OCT 



NOV. 



DEC 



SEPTEMBER 1949 



142 



■CANADA 



Millions of Dollars 



ASSETS 








Foreign* 1 ' 
Currencies 






Securities 








All 




M 


Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 
^ Bank 
Cap. Stock 


Other 

Securities 


Total 


Advances 


Other 

Accounts 




Under 2 yrs. 


Over 2 yrs. 






















Average of 






















Month-end Figures 


;.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


•.o 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


! .8 


- 


41.7 

• 


142.8 

• 


46.2 
• 


- 


- 


189.1 

• 


.2 


6.7 


1939 




- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 




- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 




- 


.3 


985.2 


806.7 


25.0 


- 


1,817.0 


- 


37.6 


Mar.— 1948 




- 


.3 


1,124.1 


767.8 


25.0 


- 


1,916.9 


- 


35.4 


Apr. 


1 


- 


.6 


1,179.7 


775.0 


25.0 


- 


1,979.7 


- 


26.5 


May 




- 


.3 


1,152.9 


790.9 


25.0 


- 


1,968.8 


- 


31.7 


June 




- 


.2 


1,145.2 


773.6 


25.0 


- 


1,943.7 


- 


14.1 


Julv 




- 


.2 


1,155.2 


778.1 


25.0 


- 


1,958.3 


- 


25.1 


Aug. 




- 


82.4 


1,087.1 


812.1 


25.0 


5.0 


1,929.1 


- 


40.4 


Mar.— 1949 




- 


61.1 


1,199.0 


822.9 


25.0 


5.0 


2,051.9 


- 


27.8 


Apr. 




- 


56.5 


1,148.1 


836.2 


25.0 


5.0 


2,014.3 


- 


27.4 


May 




- 


62.8 


1,379.6 


636.8 


25.0 


5.0 


2,046.4 


- 


26.8 


June 




- 


52.9 


1,499.2 


499.5 


25.0 


5.0 


2,028.7 


- 


15.0 


July 




— 


55.8 


1,557.2 


441.2 


25.0 


5.0 


2,028.5 


— 


34, 


Aug. 



it figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under 
Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 



CHARTERED BANKS : TOTAL CANADIAN LOANS 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



2400 



2200 



2000 



1800 



1600 




2400 



2200 



2000 



DEC 



FEB 



JUNE JULY 



AUG 



SEPT 



OCT 



NOV 



DEC 



143 


















SEPTEMBER 1949 ' 

II— CHA B. 


Millions of Dollars 
















Be 




LIABILITIES 






Notes 


Deposits 


Cash 
in (j) 
Canada 


Securities 




Demand 


Notice 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


Govt, of Canada 
and Provincial 


Foreign 
Govt. 


( 

>7 : 

)6 




Under2yrs. 


Over 2 yrs. 


Average of 
Month-end figures 

1929 
1932 
1937 


178 
132 
110 


696 
486 
691 


1,480 
1,376 
1,574 


102 
82 
90 


2,293 
1,955 
2,382 


418 
312 
421 


2,837 
2,322 
2,840 


212 
186 
240 


342 
490 

445 674 


U 
2( 
68 


1946 
1947 
1948 

End of 

1948-Mar. 
Apr. 
May 
June 
July 
Aug. 


23 
20 

17 


2,155 
2,139 
2,259 


3,327 
3,681 
3,972 


483 
404 
355 


5,993 
6,278 
6,644 


806 
851 
817 


6,919 
7,237 
7,567 


673 
665 
705 


1,573 
871 
891 


2,162 
2,524 
2,423 


276 
290 
259 


{ 


18 
18 
17 
17 
17 
17 


2,201 
2,223 
2,182 
2,214 
2,112 
2,215 


3,927 
3,951 
3,955 
3,936 
3,959 
4,003 


272 
290 
319 
379 
375 
391 


6,458 
6,525 
6,522 
6,591 
6,497 
6,653 


802 
797 
827 
838 
831 
841 


7,378 
7,431 
7,457 
7,534 
7,431 
7,606 


686 
699 
717 
674 
661 
701 


835 
829 
829 
952 
929 
967 


2,399 
2,436 
2,425 
2,382 
2,408 
2,430 


260 
264 
266 
266 
270 
264 


! ! 
1 1 

1 
1 


1949-Mar. 
Apr.* 
May 
June 
July 
Aug. 


15 
15 
15 
15 
15 
14 


2,281 
2,288 
2,284 
2,319 
2,188 
2,315 


4,264 
4,339 
4,339 
4,330 
4,341 
4,372 


382 
402 
508 
534 
601 
611 


6,998 
7,103 
7,233 

7,287 
7,221 
7,393 


787 
708 
724 
722 
709 
703 


7,870 
7,898 
8,049 
8,112 
8,022 
8,188 


706 

749 
765 
723 
740 

777 


884 

812 

853 

1,079 

1,123 

1,271 


2,616 
2,660 
2,686 
2,513 
2,544 
2,468 


223 
233 
235 
240 
238 
237 


i 

; 


*As from April 1, 19 
after that date: Ban 
1944, an approximat 


49, statisti 
k of Canac 
e figure on 


:s of Newfoi 
[a Notes an 

y. 


indland Bra 
I Deposits. 


iches of Chartered Banks are included as Canada. (1) Estimated month-end deposits payable in 'i 
(4) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and 




















III— MONEY SUPPLY 



Millions of Dollars 








MONEY SUPPLY 














Currency 
Outside Banks 








Bank Deposits 
















Chartered Banks 






Bank of 




Mom 






















Canada 
"Other" 
Deposits 

(?) 


Total 






Notes"' 


Coin< 2 > 


Total 


Demand (J) 


Active 
Notice <4 > 


Other' 5 ' 
excl. Govt. 
of Canada 


Total 


Deduct 
Floats 


Net 
Total 


Sup 1 


As at Dec. 31 


























1938 


207 


31 


238 


734 


187 


42 


963 


116 


847 


3 


850 


i,c| 


1940 


341 


38 


379 


1,031 


203 


112 


1,346 


172 


1,174 


10 


1,184 


i,u 


1944 


930 


60 


990 


1,862 


363 


153 


2,378 


243 


2,135 


28 


2,163 


3,U 


1945 


992 


63 


1,055 


2,063 


474 


172 


2,709 


280 


2,429 


30 


2,459 


3,M 


1946 


1,031 


65 


1,096 


2,291 


614 


229 


3,134 


328 


2,806 


94 


2,900 


3,JS 


1947 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,!l 


1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,: 5 


1948-Mar. 


1,032 


66 


1,098 


2,201 


629 


263 


3,093 


345 


2,748 


87 


2,835 


3,! 


Apr. 


1,060 


66 


1,126 


2,223 


629 


281 


3,133 


333 


2,800 


126 


2,926 


4,12 


May 


1,043 


67 


1,110 


2,182 


630 


269 


3,081 


317 


2,764 


96 


2,860 


3,!0 


June 


1,067 


67 


1,134 


2,214 


628 


286 


3,128 


339 


2,789 


107 


2,896 


4,' 


July 


1,079 


68 


1,147 


2,112 


628 


270 


3,010 


239 


2,771 


84 


2,855 


4,i 2 


Aug. 


1,068 


67 


1,135 


2,215 


634 


254 


3,103 


280 


2,823 


90 


2,913 


4, 


1949-Mar. 


1,095 


69 


1,164 


2,281 


659 


287 


3,227 


335 


2,892 


85 


2,977 


4,1 


Apr.* 


1,118 


70 


1,188 


2,288 


672 


300 


3,259 


277 


2,982 


81 


3,063 


4,2 


May 


1,085 


70 


1,155 


2,284 


671 


315 


3,270 


335 


2,935 


65 


3,000 


4, 


June 


1,130 


71 


1,201 


2,319 


670 


317 


3,306 


394 


2,912 


74 


2,986 


4,7 


July 


1,113 


71 


1,184 


2,188 


671 


291 


3,150 


235 


2,915 


74 


2,989 


4, 


Aug. 


1,085 


70 


1,155 


2,315 


675 


289 


3,279 


308 


2,971 


62 


3,033 


4, 



(1) Note- Circulation of Hank of Canada and chartered banks, excluding 
notes held by chartered hanks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

(3) C hartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end reti I 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published mon -n 
statements — i.e. excluding Government of Canada, chartered 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the ami i <• 
foreign currency deposit liabilities. 



SEPTEMBER 1949 



144 



I BANKS 



SSETS 




Loans 


Total 

Assets 


IVal 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 

Other 


Call 


Current 


19 


267 


1,343 


112 


301 


248 


3,528 


•16 


117 


1,032 


165 


84 


172 


2,869 


,6 


107 


732 


117 


68 


165 


3,317 


;i7 


132 


1,223 


44 


87 


155 


7,430 


,'8 


104 


1,693 


54 


76 


198 


7,811 





81 


1,923 


75 


74 


234 


8,140 


<6 


65 


1,844 


77 


76 


222 


7,949 


,«2 


76 


1,851 


79 


74 


221 


8,010 


,16 


80 


1,858 


67 


74 


224 


8,033 


,3 


84 


1,867 


63 


80 


231 


8,106 


,j4 


77 


1,877 


71 


71 


235 


7,996 


,:9 


77 


1,878 


80 


77 


239 


8,182 


:5 


81 


2,026 


103 


79 


239 


8,426 


,17 


90 


2,093 


106 


85 


213 


8,452 


.12 


74 


2,085 


117 


78 


215 


8,604 


.:s 


72 


2,085 


110 


94 


215 


8,668 


,40 


77 


2,082 


105 


90 


212 


8,570 


,J7 


78 


2,060 


205 


84 


205 


8,734 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


682 


6,251 


10.9 


1,023 


Mar.-1948 


712 


6,375 


11.2 


1,029 


Apr. 


706 


6,444 


11.0 


1,036 


May 


699 


6,427 


10.9 


1,037 


June 


683 


6,557 


10.4 


1,053 


July 


696 


6,546 


10.6 


1,056 


Aug. 


707 


6,859 


10.3 


1,075 


Mar.-1949 


706 


7,064 


10.0 


1,094 


Apr.* 


765 


7,090 


10.8 


1,083 


May 


769 


7,138 " 


10.8 


1,084 


June 


755 


7,255 


10.4 


1,088 


July 


762 


7,256 


10.5 


1,081 


Aug. 



Mn. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free " Central Gold Reserve Deposits; 
ig anadian deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 

EhTED BANK ASSETS 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 





Government of Canada Securities, Gold and 


Exchange 


All other 

Loans 

and 


Deduct 
Inactive 


Total 




Bank of< 8 > 




Other Govt. Securities 




Deduct 




Related 
Bank 
Assets 




Canada 
Gold and 


Banking' 9 ' 
Securities 


Bonds' 10 ' 


Victory" 1 ' 
Loan 


Total 


Total 


Govt. 
Deposits 


Net 
Total 


Invest- 
ments 


Deposits 

(14) 




Exchange 






Advances 






(12) 




U3) 






X Dec. 31 

11938 


214 


196 


753 


_ 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


1940 


38 


743 


737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


1944 


- 


2,321 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


1945 


- 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


1946 


- 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 


1947 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


1948 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


|-Mar. 


- 


1,068 


3,512 


- 


3,512 


4,580 


111 


4,469 


3,000 


3,298 


4,171 


I Apr. 


- 


1,158 


3,558 


- 


3,558 


4,716 


128 


4,588 


3,015 


3,322 


4,281 


t : May 


- 


1,175 


3,591 


- 


3,591 


4,766 


251 


4,515 


3,020 


3,326 


4,209 


June 


- 


1,178 


3,045 


- 


3,645 


4,823 


294 


4,529 


3,036 


3,308 


4,257 


! July 


- 


1,138 


3,660 


- 


3,660 


4,798 


276 


4,522 


3,055 


3,331 


4,246 


I 1 Aug. 


- 


1,152 


3,709 


- 


3,709 


4,861 


287 


4,574 


3,078 


3,368 


4,284 


Ih-Mar. 


- 


992 


3,998 


- 


3,998 


4,990 


229 


4,761 


3,206 


3,605 


4,362 


i Apr.* 


- 


1,041 


4,048 


- 


4,048 


5,089 


292 


4,797 


3,282 


3,668 


4,411 


May 


- 


1,030 


4,091 


- 


4,091 


5,121 


397 


4,724 


3,271 


3,667 


4,328 


June 


- 


1,034 


4,176 


- 


4,176 


5,210 


433 


4,777 


3,265 


3,660 


4,382 


' Julv 


- 


1,027 


4,214 


- 


4,214 


5,241 


494 


4,747 


3,270 


3,669 


4,348 


Aug. 


— 


1,048 


4,262 


- 


4,262 


5,310 


526 


4,784 


3,256 


3,697 


4,343 



W !ank of Canada and Chartered bank holdings of Government of Canada 
Treasury Bills, Deposit Certificates, Treasury notes and any other 
hort term issues sold direct to Bank of Canada and chartered banks. 

1'0) Jank of Canada and chartered bank holdings of Government of Canada 
jlirect and guaranteed securities other than those shown as banking 
Issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 

l"i"hartered banks' temporary advances to the public in connection 
vith the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary- 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other'' securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



145 



SEPTEMBER 1949 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 

Based on Middle of the Market quotations 




Average of B 


usiness Days 


15th of Each Month 




3% Per 


petuals 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 
5 Year 
Bond 


Theoretical 

2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annua] Average 

1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


9G.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


194G 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 

1948— Sept. 


99.47 


3.02 


2.95 


2.71 


2.26 


1.46 


Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 


Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 


May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 


June 


100.45 


2.97 


2.89 


2.65 


2.28 


1.67 


July 


100.57 


2.96 


2.87 


2.67 


2.30 


1.68 


Aug. 


101.07 


2.92 


2.78 


2.62 


2.26 


1.69 


Sept. 


101.10 


2.91 


2.78 


2.65 


2.24 


1.63 



YIELDS OF GOVERNMENT OF CANADA BONDS : 1936-49 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



22% 




3 4% 



3 8% 



3.8% 



1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 P946 P949 

(1) Prior to 1940 figures are for the 1st of month. (2) 1930-37 figures are for the 1st of the month, 1938-39 figures are for average of month. (3) Sept. 15 



SEPTEMBER 1949 



146 






IV— SECURITY PRICES 

Bank of Canada 








Government Bonds 


3 Month Treasury Bills 






Average of B 


usiness Days 




Tender Rate Nearest 15th of Month 




Canada*" 


U. 


K.0> 


U.S.A.") 






















Canada 


U.K. 


U.S A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


Monthly 




















1948— May 


100.73 


2.93 


100.82 


2.91 


101.46 


2.39 


.412 


.505 


.998 


June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 


July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


.411 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


All 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.523 


1.162 


Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 


May 


100.88 


2.91 


103.50 


2.60 


102.09 


2.33 


.500 


.523 


1.148 


June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.32 


.506 


.524 


1.158 


July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.523 


.923 


Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.525 


1.007 


Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


,n 


.514 


1.058 



(1) Government of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. IS. 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 2>$% due Dec. 15. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1948-49 

Daily Opening Quotations 



2.1% 



2.3% 



2.5% 



2.7% 



2.9% 



3 1% 



3 3% 




2.1% 



2.3% 



2.5% 



2.7% 



2.9% 



3.1% 



3.3% 



* Security is not eligible for commercial banks before Dec. 1. 1952. 



147 



SEPTEMBER 1949 



V— GOVERNMENT BOND YIELDSt 

Bank of Canada 



1948 



j Jan. 1st | Mar. 31st | June 30th | Sept. 30th | Dec. 31st Mar. 31st | June 30th I Sept. 30th 



1949 



Government of Canada 



Internal Issues 

l%%due Nov. 1, 1950 

3% due Mar. 1, 1952/54. 
3% due Jan. 1, 1956/59. 
3% due Sept. 1, 1961/66. 

New York Issues 
4% due Oct. 1,1950/60. 
3}4% due Jan. 15, 1956/61. 
2M% due Sept. 1, 1974 (I) . . 
4^1% due July 1, 1957*.... 

l^%due Dec. 15, 1950.... 

2]/ 2 % due Mar. 15, 1952/54 

2Y 2 % due Mar. 15, 1956/58 

2Y 2 % due Dec. 15, 1967/72 



1.42 
1.80 
2.35 
2.60 

2.4S 
2.74 

3.01 



1.44 
2.18 
2.S4 
2.98 

2.34 

2.68 

2.97 



1.57 
2.18 
2.70 
2.94 

2.2S 
2.69 

2.82 



1.53 
2.10 
2.75 
2.98 

2.20 

2.71 

2.87 



1.64 
2.02 
2.67 
2.93 

2.02 
2.51 

2.68 



1.64 
2.04 
2.61 

2.93 

1.55 
2.22 

2.46 



1.67 
2.06 
2.64 
2.91 

2.26 

2.22 

2.54 



1.65 

1 .95 
2.54 
2.74 

1.72 
2.31 
2.73 
2.53 



United States Government 



1.40 
1.72 
2.13 
2.48 



1 .35 
1.62 
2.01 
2.48 



1.34 
1.58 
1.98 

2.48 



1.39 
1.71 
2.04 
2.48 



1.36 
1.58 
1.93 
2.47 



1.32 
1.49 

1.77 
2.43 



1.20 
1.30 
1.59 
2.38 



1.13 
1.21 
1.51 
2.30 



United Kingdom Government 



W A % due Feb. 
2Yi% due Mar. 

3% due Oct. 

3% due Aug. 



15, 1950 

1, 1952/54. 
15, 1955/59. 
15, 1965/75. 



1.45 
2.50 
2.80 
2.98 



1.24 
2.17 
2.53 
3.03 



1.17 
1.95 
2.3S 
3.03 



1.19 

1.S8 
2.34 
2.96 



1.24 
1.74 
2.18 
2.86 



1.40 
1.56 
2.15 

2.86 



1.75 
2.25 
2.65 
3.11 



1.07 
2.13 

2. 55 
3.37 



t Based on approximate market bid side. 



(1) New issue. 



* Canadian National Railways (Guaranteed by Canada). 



Millions of U.S. Dollars 



VI— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS* 

Department of Finance 



Jan. 


Feb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


1947 


Gold 

U.S. Dollars 


493.9 
649.2 


407.4 
550.3 

957.7 


387.8 
423.5 


392.4 
307.9 


378.4 
332.0 


338.8 

327.1 


322.5 
328.8 


327.9 
340.1 


335.8 
279.6 


344.5 
182.0 


302.4 
177.8 


286.6 

215.1 


Total 


1,143.1 


811.3 


700.3 


710.4 


665.9 


651.3 


668.0 


615.4 


526.5 


480.2 


501.7 


1948 


Gold 

U.S. Dollars 


296.0 
215.0 


305.3 
222.2 

527.5 


313.5 
294.0 


322.7 
345.7 


331.2 
362.9 


340.4 
401.5 


350.7 
418.0 


359.9 

454.3 


370.9 
484.0 


380 1 
512.1 


388 9 
579.3 


4013 
596.5 

997.8 


Total 


511.0 


607.5 


668.4 


694.1 


741.9 


768.7 


814.2 


854.9 


892.2 


968.2 


1949 


Gold 

U.S. Dollars 


407.2 
614.7 


406.6 
637.3 


408.1 
659.1 


397.7 
593.5 


409.7 
507.5 

977.2 


419.3 
557.6 

976.9 


427.2 
545.9 

973.1 


439.7 
547.4 

987.1 


450.2 
535.1 

985.3t 








Total 


1,021.9 


1,043.9 


1,067.2 


991.2 



* Gold and United States Dollars held by the Exchange Fund Account, and Other Government of Canada Accounts. 

t Does not include proceeds of 100 million dollar loan floated by the Government of Canada in the United States in August. 



1 iEPTEMBER 1949 


















148 








VII 


-BUSINESS ACTIVITY 

Dominion Bureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Value 
of 

Department 
Store Sales 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 


Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations' 21 


Index 
(i) 

Unadjusted 


Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Millions 
of Dollars 


June 1, 
1941 = 100 


Annual Totals' 

1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


_ 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 

Aug. 1949 


3,835* 


* 
131 


3,262 


5,170 


41,300 


423 


3,973 


842 


128.7 


211.6 


Monthly 

948— Feb. 


261.6 


9.7 


239.6 


369.4 


3,171 


15.1 


286 


45.9 


124.0 


185.7 


Mar. 


287.7 


10.5 


286.0 


416.2 


3,467 


20.5 


324 


64.5 


123.7 


189.3 


Apr. 


286.1 


13.2 


264.3 


418.2 


3,319 


33.2 


334 


65.3 


122.2 


184.8 


May 


287.1 


11.4 


289.6 


420.8 


3,455 


51.8 


325 


65.2 


122.1 


188.0 


June 


290.0 


10.4 


259.4 


415.1 


3,331 


40.9 


342 


63.4 


125.9 


195.4 


July 

Aug. 


296.2 


10.4 


244.9 


424.5 


3,355 


38.3 


337 


48.3 


129.7 


203.5 


305.4 


9.0 


263.1 


422.3 


3,408 


44.5 


344 


54.4 


131.6 


207.2 


949— Feb. 


307.6 


10.9 


259.3 


406.9 


3,114 


19.2 


289 


50.1 


124.8 


207.6 


Mar. 


342.7 


12.6 


298.5 


455.8 


3,602 


19.9 


330 


69.1 


123.7 


207.5 


Apr. 


326.9 


10.6 


270.0 


442.4 


3,517 


36.4 


309 


75.0 


122.9 


206.5 


May 


332.4 


11.2 


293.2 


442.7 


3,580 


48.2 


313 


72.2 


123.8 


207.3 


June 


344.1 


10.6 


270.5 


437.0 


3,481 


46.9 


322 


67.2 


127.4 


209.0 


July 


326.3 


9.6 


238.8 


421.5 


3,362 


52.2 


307 


49.9 


130.3 


217.0 


Aug. 






248.7 


446.8 


3,534 


55.9 


1 351 


57.2 


130.4 


217.7 


) Source: Newsprii 
First of month fig 


t Association 
ures. (4) t 


of Canada. In 
Lverage of moi 


eludes Newfoi 
iths in case of 


indland. ( 
Employment 


2) Total outpi 
and Payrolls 


it less exports and secondary power. (3) 8 Leading industries, 
ndexes. *12-Months ending July 1949. 



BUSINESS ACTIVITY : 1947-1949 





NDEX 1935-39-100 




190 
180 
170 
160 


INDUSTF 


UAL PROD 


JCTION 


1949 


^ ^ 


1948 

1 


// 


TC 










1941 MONTHLY AVERAGE 





= ||| 


Ml 


1 1 1 



INDEX JUNE t 1941-100 

EMPLOYMENT" 




1941 MONTHLY AVEHAGE * 



0iTlr_tl_ltLtldZ±=LZt.1 

DJFMAMJJASOND 




THOUSANDS 




DJFMAMJJASOND 

INDEX 1935-39=100 



150 



130 



COST OF LI 



1949 



O F LIVJNG '" 



^.-^ 1948 




1941 MONTHLY AVERAGE 



oT 



DJFMAMJJASOND DJFMAMJJASOND DJFMAMJJASOND 

(1) 8 leading industries; first of month figures. (2) Unemployment offices' unplaced applicants at end of month. (3) First of month figures. 
* Average of July 1st to Dec. 1st. 



149 



SEPTEMBER 1949 



VIII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistics™ Board of Trade™ 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180.6 


162.7 


154.2 


167.4 


1948 


229.6 


216.0 


202.4 


184.3 


198.9 


Monthly 












1948-July 


240.0 


214.5 


205.3 


182.5 


197.4 


Aug. 


238.2 


225.7 


206.9 


188.4 


205.3 


Sept. 


236.2 


225.2 


206.6 


189.0 


205.4 


Oct. 


232.7 


226.7 


207.0 


189.4 


206.6 


Nov. 


232.4 


227.1 


206.9 


189.1 


206.7 


Dec. 


233.6 


226.3 


207.0 


189.1 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


186.6 


204.3 


May 


225.2 


220.6 


205.9 


187.0 


202.9 


June 


230.2 


221.6 


209.6 


186.7 


202.7 


July 


231.4 


222.4 


211.4 


186.7 


203.1 


Aug. 


225.9 


219.2 


207.0 


187.0 


201.7 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


193.2 


223.4 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


222.1 


195.4 


228.1 


209.0 


232.9 


212.3 


233.3 


212.2 


230.4 


211.7 


230.2 



U.S.A. 

Bureau of Labor Statistics™ 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.7 


256.8 


240.0 


238.1 


196.4 


209.2 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.7 


217.7 


205.9 


186.1 


196.5 


224.3 


215.9 


205.9 


184.7 


194.7 


225.3 


216.0 


207.1 


183.0 


193.2 


222.1 


214.2 


205.3 


182.0 


191.7 


218.7 


212.5 


203.9 


180.8 


190.6 


213.6 


210.0 


203.0 


180.6 


189.8 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926 = 100. 

(2) Adjusted to 1935-39 = 100 from base 1913 = 100 in 1929 and from base 1930=100 thereafter. 

(3) Adjusted to 1935-39 = 100 from base 1926 = 100. 
* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 

is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive 
Aug. 1, 1945. 



1 131 



EXPORT, IMPORT AND CANADIAN WHOLESALE PRICE INDEXES 

INDEX 1935-39=100 CONVERTED TO 1926-29=100 




1926 27 26 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 



SEPTEMBER 1949 



150 







IX— EXPORT AND IMPORT PRICE INDEXES 












Dominion Bureau of Statistics 










r ndex 1935-39 = 


100 






EXPORTS 










Annual 


Agricultural 
and other 


Fibres 
and 

Textiles 


Wood 
Products 


Iron 
and Steel 


Non-ferrous 
Metals 


Non-metallic 
Minerals 


Chemicals 

and 
Fertilizer 


Misc- 


Total 


Averages 


Primary 


and 


and their 


and their 


and their 


ellaneous 




Products 


Paper 


Products 


Products 


Products 






192G 


158.1 


157.7 


151.9 


110.0 


155.3 


99.9 


130.7 


120.3 


149.2 


1927 


151.5 


143.6 


150.0 


109.5 


141.4 


104.4 


125.0 


115.3 


143.1 


1928 


145.0 


147.5 


147.3 


104.2 


136.3 


105.1 


123.4 


115.4 


138.6 


1929 


141.9 


137.7 


141.1 


105.7 


139.1 


108.1 


110.8 


111.3 


136.1 


1930 


114.5 


122.4 


135.1 


98.4 


99.2 


100.9 


112.5 


107.4 


115.2 


1931 


80.0 


106.5 


122.9 


95.7 


84.5 


90.7 


103.1 


101.9 


94.5 


1932 


73.6 


95.0 


107.1 


96.7 


75.3 


100.5 


96.5 


96.8 


86.2 


1933 


79.4 


96.2 


90.6 


92.8 


84.4 


86.0 


93.6 


93.6 


85.2 


1934 


94.7 


104.2 


88.4 


90.7 


86.9 


91.5 


99.7 


92.6 


91.5 


1935 
1936 


95.7 


97.9 


88.8 


91.1 


90.4 


92.4 


102.4 


97.7 


92.9 


103.5 


99.5 


93.8 


97.5 


95.8 


94.5 


98.0 


97.4 


98.6 


1937 


127.3 


109.7 


101.0 


102.3 


116.7 


96.1 


99.1 


101.4 


114.5 


1938 


95.2 


95.2 


109.8 


105.7 


99.8 


107.0 


101.0 


100.3 


101.0 


1939 


86.5 


98. 


109.0 


106.3 


96.0 


107.3 


99.4 


101.8 


96.7 


1940 


98.7 


121.4 


121.9 


115.9 


96.8 


111.7 


10S.4 


114.6 


106.7 


1941 


100.3 


131.8 


130.7 


123.9 


98.8 


109.6 


120.5 


121.9 


111.1 


1946 


183.2 


150.7 


201.8 


163.1 


130.6 


125.5 


110.3 


137.2 


171.5 


1947 


192.9 


192.8 


249.0 


179.0 


161.0 


146.3 


116.3 


142.8 


195.2 


1948 


208.8 


224.6 


266.5 


203.1 


189.1 


165.4 


130.2 


157.2 


214.5 



IMPORTS 



Annual 
Averages 


Agricultural 

and other 

Primary 

Products 


Fibres 

and 
Textiles 


Wood 

Products 

and 

Paper 


Iron 
and Steel 
and their 
Products 


Non-ferrous 

Metals 
and their 
Products 


Non-metallic 
Minerals 
and their 
Products 


Chemicals 

and 
Fertilizer 


Misc- 
ellaneous 


Total 


1926 


170.2 


148.1 


118.0 


106.2 


134.1 


145.0 


131.4 


194.5 


143.0 


1927 


177.4 


140.8 


112.0 


102.3 


125.7 


128.4 


126.0 


156.2 


135.4 


1928 


175.6 


150.0 


109.8 


102.1 


125.1 


123.0 


120.5 


129.3 


132.8 


1929 


161.4 


142.7 


110.8 


104.2 


13S.3 


123.7 


119.3 


120.8 


129.4 


1930 


151.5 


113.1 


105.8 


99.2 


113.8 


115.0 


116.3 


99.4 


116.9 


1931 


119.0 


87.2 


106.7 


97.3 


95.1 


90.0 


110.8 


82.3 


98.8 


1932 


108.3 


81.9 


103.1 


100.9 


83.0 


95.5 


108.5 


75.3 


96.1 


1933 


102.7 


88.9 


100.3 


94.2 


94.6 


82.4 


105.4 


73.3 


92.3 


1934 


111.7 


103.1 


100.9 


92.9 


97.9 


95.2 


100.5 


86.3 


99.2 


1935 


100.9 


97.3 


94.7 


93.5 


96.8 


94.9 


99.8 


87.4 


95.9 


1936 


100.3 


100.2 


95.0 


93.0 


95.4 


99.2 


100.2 


95.6 


97.6 


1937 


114.3 


109.9 


103.5 


102.4 


114.1 


103.6 


101.5 


108.7 


107.3 


1938 


95.1 


92.7 


102.1 


104.6 


93.0 


103.5 


98.7 


97.7 


99.1 


1939 


92.7 


93.0 


104.6 


105.7 


101.7 


98.8 


100.9 


102.7 


99.2 


1940 


102.2 


117.6 


119.2 


114.4 


111.3 


106.2 


111.7 


119.6 


111.2 


1941 

* 


118.3 


129.3 


125.9 


119.1 


116.0 


117.4 


118.5 


125.4 


120.7 


1946 


218.0 


191.8 


150.7 


131.5 


131.4 


150.1 


129.9 


156.4 


164.1 


1947 


237.9 


240.8 


164.1 


152.0 


171.2 


176.3 


152.9 


160.7 


189.2 


1948 


254.0 


277.5 


178.5 


173.0 


192.8 


221.5 


160.1 


169.3 


213.7 



3t available for the years 1942-45 inclusive. 



151 



« 



SEPTEMBER 1949 



Index 1935-39 = 100 



X— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 





23 


100 


Average of Months 














1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1948— Apr. 


186.8 


121.3 


172.9 


119.9 


161.9 


122.9 


151.6 


May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 


Sept. 


207.0 


130.1 


183.5 


123.9 


107.4 


128.9 


162.3 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450- $2,500, with incomes between $1,000-$!, 600 most common. 



COST OF LIVING INDEXES • CANADA AND U.S.A. 

TOTAL COST OF LIVING index I93<M00 FOOD 




100 . 



47 48 49 



(1) 1st of month figures; last figure plotted Sept. 1. 

(2) 15th of month figures; last figure plotted Aug. 15. 



'TEMBER 1949 



152 



U— AVERAGE HOURLY & WEEKLY EARNINGS & HOURS WORKED IN MANUFACTURING* 

HOURLY-RATED WAGE-EARNERS 

Dominion Bureau of Statistics 





AVERAGE 


HOURLY EARNINGS ' 

Cents 


AVERAGE HOURS WORKED 


AVERAGE 


WEEKLY EARNINGS'" 
Dollars 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


All Manu- 
factures 


Durable 
Goods 


Non-Durable 
Goods 


\verage of months 

1945 


69.4 


76.8 


60.8 


44.3 


44.7 


43.8 


30.71 


34.30 


26.59 


1946 


70.0 


76.4 


63.8 


42.7 


42.8 


42.6 


29.87 


32.68 


27.18 


1947 


80.3 


87.2 


73.4 


42.5 


42.7 


42.3 


34.16 


37.25 


31.07 


1948 


91.3 


98.4 


84.0 


42.2 


42.3 


42.0 


38.49 


41.72 


35.29 


1st of Monthf 

948— Feb. 


86.6 


93.2 


80.1 


42.8 


42.7 


42.8 


37.06 


39.80 


34.28 


Mar. 


88.0 


95.0 


80.8 


43.2 


43.4 


43.0 


38.02 


41.23 


34.74 


Apr. 


89.0 


95.6 


82.1 


41.6 


41.8 


41.4 


37.02 


39.96 


33.99 


May 


89.4 


96.2 


82.4 


43.1 


43.4 


42.7 


38.53 


41.75 


35.18 


June 


91.4 


98.4 


84.4 


41.7 


41.6 


41.7 


38.11 


40.93 


35.19 


July 


92.3 


99.2 


85.2 


42.0 


42.3 


41.6 


38.77 


41.96 


35.44 


Aug. 


92.7 


99.8 


85.6 


42.1 


42.0 


42.1 


39.03 


41.92 


36.04 


Sept. 


93.4 


100.9 


85.8 


41.7 


42.0 


41.5 


38.95 


42.38 


35.61 


Oct. 


94.6 


102.6 


86.6 


43.0 


43.3 


42.7 


40.68 


44.43 


36.98 


Nov. 


95.5 


103.4 


87.6 


43.1 


43.2 


43.1 


41.16 


44.67 


37.76 


Dec. 


96.0 


104.1 


87.7 


43.2 


43.4 


43.1 


41.47 


45.18 


37.80 


949— Jan. 


97.2 


104.8 


89.3 


40.6 


41.0 


40.2 


39.46 


42.97 


35.90 


Feb. 


97.2 


105.0 


89.3 


42.9 


43.2 


42.7 . 


41.70 


45.36 


38.13 


Mar. 


97.0 


105.3 


89.6 


43.0 


43.2 


42.7 


41.97 


45.49 


38.26 


Apr. 


98.2 


105.7 


90.3 


42.9 


43.2 


42.6 


42.13 


45.66 


38.47 


May 


98.6 


106.2 


90.7 


42.5 


42.7 


42.3 


41.91 


45.35 


38.37 


June 


99.1 


106.5 


91.5 


40.8 


41.1 


40.5 


40.43 


43.77 


37.06 


July 


99.0 


106.6 


91.2 


41.8 


42.4 


41.2 


41.38 


45.20 


37.57 



Covers establishments usually employing not less than 15 persons and includes overtime and part-time workers. 

As reported for last week of the previous month. 

Gross earnings before deductions for taxes, unemployment insurance, etc. 

INDEXES OF AVERAGE HOURLY AND WEEKLY EARNINGS IN MANUFACTURING 



INDEX DEC 1945=100 



MONTHLY'" 



INDEX DEC 1945,^100 



140 



130 



120 



/ 



HOURLY EARNINGS 



/ 



/ 



f 



/ 






,s 



HOURLY EARNINGS ADJUSTED 
BY COST OF LIVING INDEX 




/f 



WEEKLY EARNINGS- 









v- 



V 



WEEKLY EARNINGS ADJUSTED 12 
-BY COST OF LIVING INDEX 



time during the holiday season and the average of Dec. 1st and Feb. 1st has been used. 




140 



130 



2.0 



110 



S D 



JSDMJSDMJSDMJSDDMJSDMJSDMJSDMJ 

1946 1947 1948 1949 1946 1947 1948 1949 

(1) 1st of month figures for the last week of the previous_month. So far as weekly wages are concerned, Jan. 1st figures are affected by loss of working 

(2) Earnings index divided by cost of living index. 



153 



SEPTEMBER 194! 





XII 


—CASH INCOME FROM THE SALE OF 


FARM 


PRODUCTS 






Millions of Dollars 




Dominion Bureau of Statistics 


















BY PRODUCTSt 






BY REGIONSt 


























Certain 

Govt. 
Payments 

** 


Total 

(lncl. 

Certain 

Govt. 

Payment 




Field 
Crops 


Wheat 

Equaliz- 
ation & 
Adjust- 
ment 


Livestock 


Dairy 
Products 
Poultry & 

Eggs 


All 
Other 


Total 


Maritimes 


Ontario 

and 
Quebec 


Western 
Provinces 


Total 






Payments 






















Calendar Years 


























1926 


561 


- 


193 


164 


40 


958 


38 


351 


569 


958 


- 


958 


1929 


482 


- 


215 


187 


42 


927 


38 


367 


522 


927 


- 


927 


1932 


186 


- 


80 


90 


22 


384 


20 


171 


193 


384 


- 


384 


1933 


191 


- 


84 


100 


22 


397 


23 


177 


197 


397 


- 


397 


1934 


232 


- 


112 


116 


26 


485 


26 


206 


253 


485 


- 


485 


1935 


231 


- 


130 


122 


28 


511 


27 


219 


265 


511 


- 


511 


1936 


254 


- 


155 


138 


31 


578 


29 


257 


292 


578 


- 


578 


1937 


263 


- 


195 


150 


38 


646 


36 


302 


308 


646 


- 


646 


1938 


293 


- 


164 


169 


38 


664 


34 


309 


321 


664 


- 


664 


1939 


332 


- 


185 


166 


39 


722 


32 


319 


371 


722 


10 


732 


1940 


291 


- 


245 


183 


47 


766 


40 


354 


372 


766 


2 


768 


1941 


312 


- 


321 


230 


51 


914 


48 


431 


435 


914 


28 


942 


1942 


348 


- 


373 


317 


63 


1,101 


58 


530 


513 


1,101 


55 


1,156 


1942 


516 


- 


447 


367 


80 


1,410 


71 


586 


752 


1,410 


31 


1,441 


1944 


777 


47 


514 


400 


90 


1,828 


75 


637 


1,127 


1,828 


18 


1 846 


1945 


642 


10 


526 


422 


93 


1,695 


79 


689 


926 


1,695 


6 


1,701 


1946 


669 


39 


503 


431 


101 


1,743 


87 


736 


919 


1,743 


17 


1,760 


1947 


774 


74 


496 


497 


121 


1,962 


88 


826 


1,047 


1,962 


12 


1,974 


1948 


837 


158 


750 


571 


134 


2,450 


104 


1,021 


1,326 


2,450 


21 


2,471 


6 Months-ending 


























June 1947 


216 


18 


214 


216 


62 


724 


38 


366 


321 


724 


10 


734 


June 1948 


166 


125 


307 


259 


65 


921 


48 


436 


438 


921 


15 


937 


June 1949 


210 


205 


335 


242 


64 


1,057 


46 


453 


557 


1,057 


9 


1,066 



t Includes the oats and barley equalization payments and those Dominion and Provincial Government payments which farmers receive as subsidies to prices. 
** Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. 



CASH INCOME FROM THE SALE OF FARM PRODUCTS 



MILLIONS OF DOLLARS 



BY PRODUCTS 



ANNUAL TOTALS 



BY REGIONS 



MILLIONS OF DOLLARS 



2500 



2000 



total — 



imCi. CCWTAIf, GOVT PAVMCNT3, 



WHEAT PARTICIPATION 
AND ADJUSTMENT PAYMENTS 




2500 



2000 



1939 40 41 42 4 3 44 At 46 47 48 49 




42 43 44 45 46 47 48 49 



* 12 months ending June 1949. 
(1) Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance and the Prairie Farm Income Act. 



EPTEMBER 1949 



154 



^= 



XIII— DAIRYING STATISTICS 

Dominion Bureau of Statistics 







MILK PRODUCTION 


AND FARM VALUE 




MANUFACTURED DAIRY PRODUCTS 


Total 


Fluid 

Sales 


consumed(i) 
On Farms 


Used in 

Manufacture 


Butter 


Cheese 


OTHER(2) 


Total 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


lbs. 


dollars 


dollars 


Calendar 

Years 
































192G 


13,476 


161.4 


1,890 


34.9 


2,781 


29.0 


8,799 


97.6 


281 


82.8 


172 


28.9 


133 


20.5 


132.2 


1927 


12,915 


163.6 


1,839 


35.1 


2,672 


29.8 


8,403 


98.7 


279 


98.4 


139 


25.6 


147 


21.7 


145.7 


1928 


12,708 


167.6 


1,814 


35.6 


2,675 


31.3 


8,219 


100.8 


267 


98.0 


145 


30.6 


150 


23.3 


151.9 


1929 


12,410 


164.6 


1.701 


35.3 


2,690 


31.4 


7,959 


98.0 


268 


98.4 


120 


21.6 


102 


25.6 


145.6 


1930 


13,671 


149.2 


2,524 


40.5 


2,219 


19.9 


8,328 


88.8 


283 


84.1 


120 


18.2 


164 


24.7 


127.0 


1931 


14,340 


139.8 


2,759 


39.6 


2,410 


18.7 


9,171 


81.5 


325 


70.3 


115 


12.9 


129 


19.4 


102.6 


1932 


13,997 


113.3 


2,099 


34.4 


2,370 


15.1 


8,928 


03.8 


313 


54.5 


121 


11.5 


116 


15.1 


81.1 


1933 


14,084 


115.7 


2,688 


34.9 


2,444 


15.5 


8,952 


65.3 


318 


59.0 


112 


11.2 


118 


13.7 


83.9 


1934 


14,452 


122.5 


2,786 


37.8 


2,468 


16.1 


9,197 


68.6 


334 


63.9 


100 


9.9 


127 


15.1 


88.9 


, 1935 


14,572 


126.9 


2,773 


37.4 


2,451 


16.7 


9,348 


72.8 


338 


68.8 


102 


10.7 


142 


16.7 


96.2 


193G 


15,122 


138.2 


2,829 


40.3 


2,510 


17.9 


9 783 


80.0 


346 


75.3 


120 


15.7 


156 


19.1 


110.1 


1937 


15,125 


146.3 


2,774 


40.5 


2,477 


18.9 


9,873 


87.0 


341 


83.9 


132 


18.1 


189 


24.1 


126.1 


1938 


15,820 


154.8 


3,013 


44.9 


2,566 


19.9 


10,240 


90.0 


358 


84.7 


125 


10.9 


208 


26.0 


127.6 


1939 


15,781 


144.9 


3,012 


45.1 


2,566 


19.5 


10,204 


80.3 


355 


77.9 


120 


15.4 


217 


25.8 


119.1 


1940 


15,999 


150.3 


3,018 


49.3 


2,613 


23.0 


10,369 


78.0 


349 


82.2 


146 


20.0 


255 


31.2 


133.4 


'1941 


16,550 


198.4 


3,119 


57.6 


2,377 


25.2 


11,054 


115.6 


369 


117.6 


153 


24.9 


315 


41.0 


183.5 


1942 


17,489 


268.1 


3,388 


72.7 


2,475 


35.3 


11,626 


160.1 


363 


122.4 


208 


45.1 


345 


47.9 


215.4 


1943 


17,519 


296.8 


3,707 


84.7 


2,498 


39.5 


11,314 


172.7 


367 


124.8 


- 167 


39.1 


356 


49.2 


213.1 


1944 


17,624 


325.7 


3,912 


98.1 


2,509 


42.4 


11,203 


185.2 


353 


121.1 


183 


42.3 


375 


54.7 


218.1 


1945 


17,627 


330.0 


4,008 


103.0 


2,512 


44.8 


11,107 


182.1 


347 


120.2 


189 


42.9 


389 


53.0 


216.1 


1946 


16,956 


353.8 


4,254 


118.6 


2,551 


50.5 


10,151 


184.7 


326 


126.6 


150 


36.7 


388 


55.0 


218.3 


1947 


17,241 


403.0 


4,163 


131.4 


2,540 


56.6 


10,538 


215.0 


347 


181.0 


126 


35.3 


467 


74.6 


290.9 


1948 


16,645 


484.9 


4,016 


146.9 


2,342 


66.4 


10,288 


271.6 


347 


230.9 


90 


31.6 


535 


90.4 


352.9 


i Whole n 
i Concent 


lilk consu 
rated mill 


med on fa 
. products 


rms and f 
and ice c 


?d to anin 
ream. 


lals. 























1000 






PRODUCTION OF MILK AND DAIRY PRODUCTS 

UTILIZATION OF MILK PRODUCTION MANUFACTURED DAIRY PRODUCTS 

MILLIONS OF POUNDS ANNUAL TOTALS M ILL IONS OF POUNDS 

20ooor 



16000 




I2000 L ' - -- 

[-:■■■ ■::■:'■■'■<■■:■ 
. . . .-.■.■ 



8000 



USED IN MAI 




■■■:■:■:•:•■.-'■■■■■: 

■■:■:■: »»-: : : : :-x>: > 



.-.■. 
h.-. ■■■■•■'■'■ . 

r ■■■'■''•'■ 



4000 





0^ 



\ ■ jm \ ? i illlili 

1926 29 32 35 37 39 42 45 48 

t Whole milk consumed on farms and fed to animals. 
* Concentrated milk products and ice cream. 




> k 

48 



155 



SEPTEMBER 194! 



Millions of Dollars 



XIV— MERCHANDISE IMPO 

Compiled from "Trade of Ct *• 
(I 



Calendar 
Years 


Fruits 
and 

Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Alcoholic 

Beverages 

(1) 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(incl. syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


Ve 

A 
Pi 




1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 




1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 


!l 


1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 


i 1 


1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 


1 


1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


'l 


1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 




12 Mths. ending 

July 1949 


93 


17 


26 


73 


46 


20 


17 


31 


22 


22 






Monthly 

1948— May 


8.5 


1.1 


2.3 


7.7 


2.7 


.9 


3.2 


2.0 


2.1 


1.4 






June 


7.3 


1.1 


2.1 


7.0 


5.2 


1.1 


2.2 


3.0 


1.2 


1.3 






July 


7.3 


.5 


1.3 


6.4 


3.2 


1.0 


1.0 


2.3 


1.1 


1.4 






Aug. 


6.0 


.1 


1.2 


7.7 


3.8 


1.1 


.9 


2.7 


.6 


1.7 






Sept. 


8.0 


.1 


1.4 


7.2 


3.6 


1.1 


.8 


2.3 


2.0 


1.3 






Oct. 


7.4 


- 


1.7 


8.4 


3.4 


1.5 


2.8 


3.5 


2.3 


1.7 






Nov. 


10.7 


.8 


5.3 


6.3 


3.7 


2.2 


.8 


2.4 


1.9 


1.5 






Dec. 


10.2 


.9 


5.1 


5.7 


3.7 


2.6 


.7 


2.8 


2.9 


1.6 






1949— Jan. 


6.5 


1.0 


1.5 


2.1 


4.8 


1.7 


1.5 


3.0 


3.7 


2.0 






Feb. 


5.1 


1.7 


.9 


4.9 


3.2 


1.5 


2.2 


2.9 


3.1 


1.9 






Mar. 


6.5 


2.2 


1.3 


4.1 


3.0 


2.0 


1.9 


3.0 


1.7 


2.5 






Apr. 


8.0 


2.5 


1.1 


6.1 


4.4 


1.9 


1.4 


2.0 


1.3 


2.8 




( 


May 


7.1 


2.8 


2.0 


7.7 


4.2 


1.4 


1.4 


2.6 


1.1 


2.0 


1 ; 


June 


8.8 


3.3 


1.9 


6.8 


4.2 


1.4 


1.3 


1.7 


1.1 


1.8 


] " 


July 


8.9 


1.2 


2.1 


5.7 


3.6 


1.6 


1.3 


1.8 


.6 


1.6 




' 


Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates. 

Hoop. Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 




1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 




1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 




1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 






1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


< 


( 


1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 




1 


1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


\ 




12 Mths. ending 

July 1949 


123 


16 


9 


15 


73 


19 


12 


57 


171 


215 




Monthly 

1948— May 


10.0 


1.4 


.3 


.8 


4.6 


1.7 


.8 


4.6 


11.7 


18.8 




June 


9.4 


2.4 


.5 


1.0 


4.8 


1.8 


1.0 


3.8 


13.5 


19.4 




July 


10.2 


2.4 


.4 


.8 


3.9 


1.2 


1.0 


3.5 


11.6 


18.0 




Aug. 


8.9 


2.5 


.6 


.8 


3.9 


1.0 


.8 


3.0 


10.3 


13.5 




Sept. 


8.9 


2.5 


.6 


.9 


4.9 


1.1 


.8 


3.5 


11.6 


14.9 




Oct. 


10.8 


1.4 


.6 


1.2 


5.0 


1.2 


.8 


4.3 


12.0 


17.4 




Nov. 


10.6 


2.2 


.4 


1.3 


5.5 


1.5 


.9 


5.2 


11.2 


17.2 


- 


Dec. 


10.3 


.6 


.7 


1.2 


5.6 


1.6 


.6 


3.7 


12.7 


17.8 




1949— Jan. 


10.9 


.2 


.7 


1.4 


6.6 


1.3 


1.0 


6.5 


13.7 


18.8 




Feb. 


9.6 


- 


.9 


1.5 


6.2 


1.5 


1.1 


4.6 


13.8 


16.3 




Mar. 


10.5 


- 


1.2 


1.6 


7.9 


1.6 


1.3 


5.9 


17.2 


20.7 




Apr. 


11.1 


.2 


1.5 


1.9 


8.1 


1.8 


1.3 


4.9 


18.2 


20.4 




May 


10.6 


1.5 


1.0 


1.4 


6.8 


2.9 


1.4 


4.5 


17.5 


20.3 




June 


10. 8 


2.0 


.3 


1.4 


6.9 


2.7 


1.2 


6.0 


17.1 


19.3 




July 


9.9 


:'».2 


.4 


.9 


5.2 


1.2 


1.1 


4.9 


15.9 


18.2 


























- — 





(1) Before 1935 import totals are substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country. 
in Council (9213) and the item "Canadian Goods Returned" (9195) are excluded. 



flmpor ■'!•«' ' 



EPTEMBER 1949 



156 



d: modity classification 

mi on Bureau of Statistics 



Millions of Dollars 



:oiton 


Silk 

(raw and 

rr.fd.) 


Wool 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




n d Mfd - 


Raw and 
Unmfd. 


Mfd. 


Calendar 
Years 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 


87 


5 


44 


71 


36 


22 


38 


18 


32 


28 


12 Mths. ending 

July 1949 


6.8 


.4 


5.3 


6.4 


2.5 


4.1 


3.0 


1.6 


2.6 


2.3 


Monthly 

May— 1948 


7.0 


.3 


4.2 


5.9 


2.2 


4.0 


2.8 


1.6 


2.5 


2.0 


June 


7.3 


.3 


5.0 


6.1 


2.5 


1.4 


3.7 


1.3 


2.5 


1.7 


July 


5.9 


.3 


4.8 


5.5 


2.3 


1.4 


3.1 


1.3 


2.3 


2.0 


Aug. 


5.7 


.2 


4.1 


5.2 


2.3 


1.8 


3.4 


1.3 


2.5 


1.9 


Sept. 


7.7 


.4 


3.7 


5.4 


2.7 


2.6 


4.0 


1.5 


3.0 


1.9 


Oct. 


7.6 


.3 


3.1 


6.0 


3.1 


2.8 


3.2 


1.5 


2.9 


1.9 


Nov. 


6.2 


.3 


3.3 


5.2 


2.7 


1.8 


2.7 


1.4 


2.6 


2.4 


Dec. 


:. 8.9 


.6 


2.3 


6.2 


3.7 


2.6 


3.2 


1.6 


2.5 


2.1 


Jan.— 1949 


8.0 


.5 


2.5 


6.2 


3.6 


.9 


2.7 


1.6 


2.5 


2.4 


Feb. 


7.6 


.4 


4.0 


6.9 


3.5 


1.7 


2.9 


1.8 


2.9 


2.6 


Mar. 


8.3 


.4 


3.6 


6.7 


3.6 


1.9 


3.1 


1.7 


2.9 


2.7 


Apr. 


.( 7.2 


.4 


4.9 


6.1 


2.9 


1.7 


3.3 


1.7 


2.6 


2.6 


May 


.( 8.3 


.4 


4.1 


5.1 


3.1 


1.5 


2.9 


1.7 


2.7 


3.0 


June 


5.2 


.5 


3.2 


6.0 


2.1 


1.7 


3.2 


1.5 


2.6 


2.3 


July 


4 

m 

n Bauxite 

Ore 
el 


Tin 

and 

Products 


Electrical 
Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 
Non- 
metallic 
Minerals 


- 

Other 
Imports 


Totalt 
Imports 


Calendar 
Years 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 


4 1 2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 


10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 


8 


10 


62 


85 


194 


288 


24 


77 


135 


2,781 


12 Mths. ending 

July 1949 


5 1.2 


.4 


6.1 


7.3 


12.5 


23.4 


2.9 


6.7 


9.8 


225.1 


Monthly 

May— 1948 


1.1 


.7 


6.3 


5.8 


17.8 


30.7 


2.5 


6.7 


8.8 


233.0 


June 


1.4 


.4 


4.9 


5.7 


17.7 


32.5 


2.1 


6.5 


10.2 


225.1 


July 


5 1.4 


.9 


3.5 


5.8 


20.1 


33.0 


1.7 


6.4 


8.4 


206.4 


Aug. 


1.0 


.7 


4.1 


5.3 


24.4 


33.0 


1.9 


6.7 


8.8 


221.6 


Sept. 


3 | 1.2 


1.4 


4.7 


7.4 


21.3 


31.7 


2.2 


7.5 


9.7 


243.4 


Oct. 


9 1 1.0 


.2 


5.1 


8.7 


19.3 


20.6 


2.4 


6.9 


10.2 


238.1 


Nov. 


.4 


1.6 


5.2 


6.9 


16.7 


21.7 


1.9 


5.8 


9.9 


231.9 


Dec. 


.3 


.3 


5.5 


6.7 


13.6 


19.8 


1.9 


4.9 


10.5 


223.7 


Jan.— 1949 


4 2 


2.2 


5.4 


6.5 


10.9 


15.9 


1.9 


5.0 


9.5 


206.0 


Feb. 


7 .1 


1.3 


5.8 


8.3 


12.7 


16.8 


2.0 


5.7 


12.0 


235.9 


Mar. 


3 .4 


.4 


6.4 


8.6 


13.2 


16.6 


2.3 


6.1 


13.5 


242.7 


Apr. 


5.5 .(i 


.2 


5.7 


7.5 


12.6 


26.4 


2.1 


8.0 


13.9 


250.5 


May 


1.7. 1.4 


.4 


5.5 


6.9 


15.9 


24.6 


2.1 


7.5 


L4.9 


250.5 


June 


!.2 .1 


.4 


4.S 


6.2 


13.5 


28.3 


1.9 


6.7 


13.9 


230.8 


July 



* K;dom d not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order 



157 



SEPTEMBER 19^ 



Millions of Dollars 



XV— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS' 



-.<!)* 









TOTAL EXPORTS (EXCLUDING GOLD) 


TO 








U.S.A. 


U.K. 


U.K. 
Dependen- 
cies 


Union 

of 
South 
Africa 


Other 

British 

Countries 

(3) 


Western 

Europe & 

Colonies 

(4) 


Central 

and 

South 

America 


All 

Other 

(5) 


Total 

All 

Countries 


Calendar Years 

1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 

Aug. 1949 


1,545 


696 


80 


92 


159 


299 


139 


130 


3,140 


Monthly 

1948-May 


116.3 


86.4 


9.6 


7.8 


9.3 


30.0 


13.5 


15.9 


288.7 


June 


111.3 


56.7 


8.1 


7.0 


10.8 


22.9 


11.2 


9.9 


237.9 


July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10,7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.2 


299.6 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.4 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949- J an. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.8 


Mar. 


123.4 


44.6 


7.2 


4.9 


13.6 


12.1 


10.0 


10.0 


225.8 


Apr. 


113.0 


58.4 


5.7 


6.5 


13.1 


22.3 


10.5 


6.5 


235.9 


May 


122.9 


74.3 


8.1 


11.0 


13.0 


27.4 


13.2 


5.4 


275.5 


June 


114.1 


61.1 


6.3 


11.8 


15.2 


31.0 


14.5 


6.4 


260.5 


July 


105.4 


67.1 


5.3 


9.4 


14.7 


26.5 


9.2 


5.4 


243.0 


Aug.' 6 ' 


117.0 


65.6 


5.9 


7.7 


9.3 


19.2 


15.8 


6.7 


247.2 



Millions of Dollars 



MERCHANDISE IMPORTS 1 





TOTAL IMPORTS (EXCLUDING GOLD) FROM 








U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U. K. 


Dependen- 


of 


British 


Europe & 


and 


Other 


All 






(2) 




South 


Countries 


Colonies 


South 


(5) 












Africa 


(3) 


(4) 


America 




Calendar Years 




















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299' 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















July 1949 


1,941 


323 


110 


4 


82 


90 


197 


35 


2,781 


Monthly 




















L948-May 


145.0 


27.4 


11.2 


.3 


11.0 


7.0 


18.6 


4.5 


225.1 


June 


154.9 


26.0 


10.6 


.3 


10.9 


5.9 


20.4 


3.9 


233.0 


July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


1949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 


Feb. 


148.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 


Mar. 


169.0 


28.3 


7.6 


.6 


7.1 


7.2 


14.0 


2.1 


235.9 


Apr. 


177.3 


30.1 


7.7 


.5 


6.1 


7.2 


11.7 


2.1 


242.7 


Mav 


172.1 


29.5 


11.6 


.4 


8.2 


7.7 


17.0 


4.0 


250.5 


June 


176.9 


26.9 


11.0 


.5 


7.8 


8.4 


16.0 


3.0 


250.5 


July'" 


160.3 


29.3 


9.<S 


.2 


5.3 


6.4 


16.8 


2.8 


230.8 



* Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Nesvfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the « 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Icel I 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece, Turkey, and British Sudan. 

(5) Includes Egypt, Spain, Palestine, and also Newfoundland until Marcl ... 
1949. 

(6) Preliminary. 



SEPTEMBER 1949 



158 



XVI— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce Statistics unless otherwise stated. 



MILLIONS OF PERSONS 



MILLIONS Or PERSONS 



POINTS INJTOTAL INDEX P _Q INTS _ IN TOT AL INDE> 

MANUFACTURING PRODUCTION 




BILLIONS OF DOLLARS 




TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 



Charts 



Pages 



II 

III 
IV 



V 
VI 

VII 

VIII 

IX 



X 



XI 
XII 

XIII 

XIV 



Services 



Bank of Canada: 

Liabilities and Assets 

Chartered Banks: Canadian Deposits, Loans and 

Government of Canada and Provincial Securities 
Chartered Banks: Ratio of Cash in Canada to Canadian Deposits 
Chartered Banks: 

Liabilities and Assets 

Money Supply and Related Bank Assets . 
Security Prices: 

Government Securities Payable in Canada only 
Government Securities: Canada, U.K. and U.S.A. 

Bond Issues and Retirements 

Business Activity 

Personal Expenditure on Certain Goods and 

Wholesale Prices 

Cost of Living 

Corporate Financial Statistics for 663 Companies: 
Total 663 Companies: Summary Statement 

Source and Use of Funds 
Year-end Balance Sheet 
Net Income to Stockholders 
Assets over $25 mm. 
Assets $5mm. - $25 mm. 
Assets $lmm. - $5mm. . 
Assets under $1 mm. 
Public Finance: Provincial Governments: 

Outstanding Debt 

Current Revenue 

Current Expenditure 

Gross National Product and Expenditure 

Personal Income and Disposition of Personal Income 

Personal Income and Expenditure 
Personal Income: Provincial Distribution 

Personal Income: Provincial Distribution 
Exports and Imports by Countries 



By Asset Groups: 



1. 
2. 

3. 

4. 



159 - 160 

159 
160 

161 - 162 
161 - 162 

163 
163 
164 
165 
165 
166 
166 

167 
167 
167 
168 
169 
170 
171 
172 

173 - 174 
175 
176 
177 
178 
178 
179 
179 
180 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Pank of Canada, Ottawa. 



OCTOBER 1949 



159 



9 
















OCTOBER 1940 


Millions of Dollars 


















I— B>C 










LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits'" 


Active 

B. of C. 

Note 

Circulation 


All - 
Other 
Accounts 


To 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liab 

As i 


Average of 




















Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


21 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3; 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


40 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,41 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,81- 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8 J 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,91 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,91 


End of 




















1948— Apr. 


140.5 


558.9 


699.4 


57.9 


126.0 


2 


1,042.5 


26.7 


1,S> 


May 


170.2 


547.3 


717.5 


135.9 


95.8 


.5 


1,025.5 


31.5 


2,(5 


June 


157.2 


517.0 


674.2 


138.4 


107.2 


.2 


1,049.3 


31.5 


2,() 


July 


158.1 


502.5 


660.6 


119.0 


84.1 


.1 


1,062.2 


32.1 


US 


Aug. 


176.0 


525.1 


701.1 


105.1 


90.3 


.1 


1,050.9 


36.1 


l,j| 


Sept. 


172.2 


550.9 


723.1 


87.3 


78.2 


.2 


1,095.5 


44.6 


2,18 


1949— Apr. 


161.7 


587.3 


749.0 


115.1 


80.8 


66.1 


1,103.0 


26.9 


2,0 


May 


193.5 


571.2 


764.7 


101.4 


65.2 


61.4 


1,070.3 


35.2 


2,(8 


June 


154.9 


568.3 


723.2 


112.2 


73.7 


67.7 


1,115.1 


44.1 


2,6 


July 


172.8 


566.9 


739.7 


94.3 


73.8 


57.9 


1,098.2 


32.7 


2,'« 


Aug. 


198.7 


578.0 


776.7 


109.7 


61.8 


60.7 


1,071.0 


38.5 


2,8 


Sept. 


166.0 


611.5 


777.5 


141.0 


64.1 


65.6 


1,124.7 


44.2 


2, 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. ♦May 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to th- 



CHARTERED BANKS : CANAD IAN DEPOSITS. LOANS AND GOVT. OF CANADA 

AND PROVINCIAL SECURITIES 



MILLIONS Of DOLLARS 



MILLIONS Or DOLLARS 



7000 



5000 




OCTOBER 1949 



160 



| CANADA 



Millions of Dollars 



ASSETS 














Securities 
















Foreign ' 
Currencies 














All 




old 


Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 
^ Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 


Other 
Accounts 




Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


11.2 

12.0 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


13.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


1 r 




• 


• 


• 






• 








- 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


m 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 




- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 




- 


.3 


1,124.1 


767.8 


25.0 


- 


1,916.9 


- 


35.4 


Apr.— 1948 




- 


.6 


1,179.7 


775.0 


25.0 


- 


1,979.7 


- 


26.5 


May 




- 


.3 


1,152.9 


790.9 


25.0 


- 


1,968.8 


- 


31.7 


June 




- 


.2 


1,145.2 


773.6 


25.0 


- 


1,943.7 


- 


14.1 


July 




- 


.2 


1,155.2 


778.1 


25.0 


- 


1,958.3 


- 


25.1 


Aug. 




- 


.3 


1,216.3 


757.2 


25.0 


- 


1,998.5 


- 


30.2 


Sept. 




— 


61.1 


1,199.0 


822.9 


25.0 


5.0 


2,051.9 


— 


27.8 


Apr.— 1949 




- 


56.5 


1,148.1 


836.2 


25.0 


5.0 


2,014.3 


'- 


27.4 


May 




- 


62.8 


1,379.6 


636.8 


25.0 


5.0 


2,046.4 


- 


26.8 


June 




- 


52.9 


1,499.2 


499.5 


25.0 


5.0 


2,028.7 


- 


15.0 


July 




- 


55.8 


1,557.2 


441.2 


25.0 


5.0 


2,028.5 


- 


34.1 


Aug. 




— 


60.1 


1,616.7 


421.2 


25.0 


5.0 


2,068.5 


— 


88.5 


Sept. 



t figures give effect to the enactment, under the War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under 
Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 



CHARTERED BANKS: RATIO OF CASH IN CANADA TO CANADIAN DEPOSITS 



PERCENT 



PERCENT 



11:5 



110 



I I 



10.5 



10.0 





i MONTHLY AVERAGE FIGURES 




fcs 


1 1^ MONTHLY AVERAGE 




\ > 


, — »-^ / \f l 


r- 12-MONTH MOVING AVERAGE 

"S n 

A \ / \ 


■ 






JJ 
















1 1 




| 











































11.5 



10.5 



10.0 



DJFMAMJJASONDJFMAMJJASONDJEMAMJJASOND 
1947 1948 1949 



161 



OCTOBER 1949 '■ 



Millions of Dollars 



II— CHAIP 

-.— 



Average of 
Month-end figures 

1929 
1932 
1937 
1946 
1947 
1948 

End of 

1948-Apr. 
May 
June 

July 

Aug. 
Sept. 



1949 



-Apr.* 
May 
June 
July 
Aug. 
Sept. 



LIABILITIES 



Notes 



178 

132 

110 

23 

20 

17 

18 
17 
17 
17 

17 
17 

15 
15 
15 
15 
14 
14 



Deposits 



Demand 



696 

486 

691 

2,155 

2,139 

2,259 

2,223 
2,182 
2,214 
2,112 
2,215 
2,360 

2,288 
2,284 
2,319 
2,188 
2,315 
2,504 



Notice 



1,480 
1,376 
1,574 
3,327 
3,681 
3,972 

3,951 
3,955 
3,936 
3,959 
4,003 
4,049 

4,339 
4,339 
4,330 
4,341 
4,372 
4,411 



Govt, of JCanadian 
Canada I Deposits 
and Prov.l en 



Foreign 



102 
82 
90 
483 
404 
355 

290 
319 
379 
375 
391 
368 

402 
508 
534 
601 
611 
558 



2,293 
1,955 
2,382 
5,993 
6,278 
6,644 

6,525 
6,522 
6,591 
6,497 
6,653 
6,830 

7,103 
7,233 
7,287 
7,221 
7,393 
7,573 



418 
312 
421 
806 
851 
817 

797 

827 
838 
831 
841 
823 

708 
724 
722 
709 
703 
770 



Total 
Deposits 



2,837 
2,322 
2,840 
6,919 
7,237 
7,567 

7,431 
7,457 
7,534 
7,431 
7,606 
7,752 

7,898 
8,049 
8,112 
8,022 
8,188 
8,447 



Cash 
in <3) 
Canada 



212 
186 
240 
673 
665 
705 

699 
717 
674 
661 
701 
723 

749 

765 
723 

740 

777 
778 



Securities 



Govt, of Canada 
and Provincial 



Under2yrs. Over 2 yrs 



342 
490 



445 
1,573 

871 
891 

829 
829 
952 
929 
967 
952 

812 
853 
1,079 
1,123 
1,271 
1,172 



674 
2,162 
2,524 
2,423 

2,436 
2,425 
2,382 
2,408 
2,430 
2,430 

2,660 
2,686 
2,513 
2,544 
2,468 
2,503 



Foreign 
Govt. 



Oi 



157 
206 



68 
276 
290 
259 

264 
266 
266 
270 
264 
256 

233 
235 
240 
238 
237 
238 



2lffl 

2MB 
4f 
V» 

m 
tin 



*As from April 1, 1949, statistics of Newfoundland Branches of Chartered Banks are included as Canada. (1) Estimated month-end deposits payable in ( 
after that date: Bank of Canada Notes and Deposits. (4) Figures given are annual averages of estimated month-end Canadian deposits in 1926-35 and t 
1944, an approximate figure only. 



Millions of Dollars 



MONEY SUPPLY 



III— MONEY SUPPLY 

E 



As at Dec. 31 

1938 
1940 
1944 
1945 
1946 
1947 
1948 

End of 

1948-Apr. 
May 
June 
July 

Aug. 
Sept. 

1949-Apr.* 
May 
June 
July 

Aug. 
Sept. 



Currency 
Outside Banks 



Notes'" 



207 

341 

930 

992 

1,031 

1,046 

1,115 

1,060 
1,043 
1,067 
1,079 
1,068 
1,112 

1,118 
1,085 
1,130 
1,113 
1,085 
1,139 



Coin<» 



31 
38 
60 
63 
65 
66 
70 

66 
67 
67 
68 
67 
68 

70 
70 
71 
71 
70 
72 



Total 

238 
379 
990 
1,055 
1,096 
1,112 
1,185 

1,126 
1,110 
1,134 
1,147 
1,135 
1,180 

1,188 
1,155 
1,201 
1,184 
1,155 
1,211 



Bank Deposits 



Chartered Banks 



Demand' 3 ' 

734 
1,031 
1,862 
2,063 
2,291 
2,296 
2,544 

2,223 
2,182 
2,214 
2,112 
2,215 
2,360 

2,288 
2,284 
2,319 
2,188 
2,315 
2,504 



Active 
Notice' 4 ' 



187 
203 
363 
474 
614 
597 
649 

629 
630 
628 
628 
634 
645 

672 
671 
670 
671 
675 
681 



Other") 
excl. Govt. 
of Canad a 

42 
112 
153 
172 
229 
233 
276 

281 
269 
286 
270 
254 
267 

300 
315 
317 
291 
289 
305 



Total 

963 
1,346 
2,378 
2,709 
3,134 
3,126 
3,469 

3,133 
3,081 
3,128 
3,010 
3,103 
3,272 

3,259 
3,270 
3,306 
3,150 
3,279 
3,490 



Deduct 
Floats 



116 
172 
243 
280 
328 
362 
400 

333 

317 
339 
239 
280 
377 

277 
335 

394 
235 
308 
396 



Net 
Total 



847 
1,174 
2,135 
2,429 
2,806 
2,764 
3,069 

2,800 
2,764 
2,789 
2,771 
2,823 
2,895 

2,982 
2,935 
2,912 
2,915 
2,971 
3,094 



Bank of 
Canada 
"Other" 
Deposits 

(7) 

3 
10 

28 
30 
94 
68 
81 

126 

96 
107 

84 

90 

78 

81 
65 
74 
74 
62 
64 



Total 



850 
1,184 
2,163 
2,459 
2,900 
2,832 
3,150 

2,926 
2,860 
2,896 
2,855 
2,913 
2,973 

3,063 
3,000 
2,986 
2,989 
3,033 
3,158 



* See note (*) above. 

(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 

(2) Subsidiary coin issued by the Mint less coin held by bank of Canada 
and chartered banks in Canada. 

(i) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 

aggregate quarterly minimum balances in personal savings accounts 

and non-personal notice deposits. 



(5) Chartered banks' Canadian dollar deposits of provincial govern I 
Canadian, United Kingdom, and foreign banks. 

(o) Cheques on banks as shown in chartered bank month-end retu 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published IJloni 
statements — i.e. excluding Government of Canada, chartered " 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the amo 
foreign currency deposit liabilities. 



1 OCTOBER 1949 










E> BANKS 

: da 












.SSETS 




Loans 


Total 

Assets 




CANADA 


ABROAD 


i a 1 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


J9 


267 


1,343 


112 


301 


248 


3,528 


)6 


117 


1,032 


165 


84 


172 


2,869 


,>6 


107 


732 


117 


68 


165 


3,317 


♦ *7 


132 


1,223 


44 


87 


155 


7,430 


,)8 


104 


1,693 


54 


76 


198 


7,811 


.10 


81 


1,923 


75 


74 


234 


8,140 


2 


76 


1,851 


79 


74 


221 


8,010 


,i;6 


80 


1,858 


67 


74 


224 


8,033 


.3 


84 


1,867 


63 


80 


231 


8,106 


4 


77 


1,877 


71 


71 


235 


7,996 


,J9 


77 


1,878 


80 


77 


239 


8,182 


15 


76 


1,931 


93 


70 


244 


8,323 


XI 


90 


2,093 


106 


85 


213 


8,452 


,22 


74 


2,085 


117 


78 


215 


8,604 


,36 


72 


2,085 


110 


94 


215 


8,668 


,40 


77 


2,082 


105 


90 


212 


8,570 


,57 


78 


2,060 


114 


84 


205 


8,734 


43 


103 


2,184 


120 


97 


214 


8,979 



162 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in o) 
Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


712 


6,375 


11.2 


1,029 


Apr.-1948 


706 


6,444 


11.0 


1,036 


May 


699 


6,427 


10.9 


1,037 


June 


683 


6,557 


10.4 


1,053 


July 


696 


6,546 


10.6 


1,056 


Aug. 


717 


6,582 


10.9 


1,081 


Sept. 


706 


7,064 


10.0 


1,094 


Apr.*-1949 


765 


7,090 


10.8 


1,083 


May 


769 


7,138 . 


10.8 


1,084 


June 


755 


7,255 


10.4 


1,088 


July 


762 


7,256 


10.5 


1,081 


Aug. 


771 


7,312 


10.5 


1,100 


Sept. 



(2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; 
i< anadian deposits in 1936 and after. (5) Bank of Canada notes in public circulation and chartered bank note circulation, the latter being, since September 

LTED BANK ASSETS 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 





Government of Canada Securities, Gold and 


Exchange 


All other 
Loans 
and 
Invest- 
ments 

(13) 


Deduct 
Inactive 

Notice 
Deposits 

(14) 


Total 




Bank of< 8 > 

Canada 

Gold and 

Exchange 


Banking"' 
Securities 


Other Govt. Securities 


Total 


Deduct 

Govt. 

Deposits 

(12) 


Net 
Total 


Related 
Bank 

Assets 




Bonds" ' 


Victory"" 

Loan 
Advances 


Total 


Dec. 31 
























938 


214 


196 


753 


- 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


940 


38 


743 


737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


944 


- 


2,321 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


945 


- 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


946 


- 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 


947 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


948 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


l-Apr. 


- 


1,158 


3,558 


- 


3,558 


4,716 


128 


4,588 


3,015 


3,322 


4,281 


! May 


- 


1,175 


3,591 


- 


3,591 


4,766 


251 


4,515 


3,020 


3,326 


4,209 


\\ June 


- 


1,178 


3,645 


- 


3,645 


4,823 


294 


4,529 


3,036 


3,308 


4,257 


Ijuly 


- 


1,138 


3,660 


- 


3,660 


4,798 


276 


4,522 


3,055 


3,331 


4,246 


|: Aug. 


- 


1,152 


3,709 


- 


3,709 


4,861 


287 


4,574 


3,078 


3,368 


4,284 


ISept. 


- 


1,142 


3,747 


- 


3,747 


4,889 


241 


4,648 


3,138 


3,403 


4,383 


I-Apr.* 


- 


1,041 


4,048 


- 


4,048 


5,089 


292 


4,797 


3,282 


3,668 


4,411 


■ May 


- 


1,030 


4,091 


- 


4,091 


5,121 


397 


4,724 


3,271 


3,667 


4,328 


-June 
July 


- 


1,034 


4,176 


- 


4,176 


5,210 


433 


4,777 


3,265 


3,660 


4,382 


- 


1,027 


4,214 


- 


4,214 


5,241 


494 


4,747 


3,270 


3,669 


4,348 


(Aug. 


- 


1,029 


4,281 


- 


4,281 


5,310 


526 


4,784 


3,256 


3,697 


4,343 


i Sept. 


— 


942 


4,353 


— 


4,353 


5,295 


493 


4,802 


3,400 


3,730 


4,472 



nk of Canada and C hartered bank holdings of Government of Canada 
easury Bills, Deposit Certificates, Treasury notes and any other 
•rt term issues sold direct to Bank of Canada and chartered banks. 
• nk of Canada and chartered bank holdings of Government of Canada 
feet and guaranteed securities other than those shown as banking 
lues and exclusive of any temporary advances in connection with 
:rchase of Victory Loan issues. 
"') bartered banks' temporary advances to the public in connection 
' h the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other'' securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



163 



OCTOBER 1949 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 

Based on Middle of the Market quotations 




Average of Business Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 

2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 

1948— Oct. 


99.47 


3.02 


2.97 


2.73 


2.27 


1.49 


Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


* 2.65 


2.27 


1.68 


Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 


May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 


June 


100.45 


2.97 


2.89 


2.65 


2.28 


1.67 


July 


100.57 


2.96 


2.87 


2.67 


2.30 


1.68 


Aug. 


101.07 


2.92 


2.78 


2.62 


2.26 


1.69 


Sept. 


101.16 


2.91 


2.78 


2.65 


2.24 


1.63 


Oct. 


102.40 


2.82 


2.71 


2.59 


2.17 


1.63 











IV— SECURITY 


PRICES 


















Bank of Canada 












Government Bonds 


3 Month Treasury Bills 






Average of E 


usiness Days 




Tender Rate Nearest 15th of Month 




Canada'" 


U. 


K.<« 


U.S.A.'" 






















Canada 


U.K. 


USA. 




Price 


Yield 


Price 


Yield 


Price 


Yield 






Annual Average 






















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 




1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 




1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 




1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 




Monthly 






















1948— June 


100.63 


2.94 


100.98 


2.89 


101.59 


2.38 


.412 


.507 


.997 




July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 




Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


All 


.507 


.997 




Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 




Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 




Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 




Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 




1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


.411 


.519 


1.160 




Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 




Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.523 


1.162 




Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 




May 


100.88 


2.91 


103.50 


2.60 


102.09 


2.33 


.wo 


.523 


1.148 




June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.32 


.506 


.524 


1.158 




July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.523 


.923 




Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.525 


1.007 




Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


.510 


.514 


1.058 




Oct. 


103.04 


2.70 


96. IS 


3.27 


104.51 


2.13 


.512 


.524 


1.050 



(I) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. IS, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 214% due Dec. 15. 



OCTOBER l«J4y 

V— BOND ISSUES AND RETI1 

Par Values in Millions of Canadian Dollars* Bank °f Canada 



164 



to 





I-Govt. of Canada Direct & 
Guaranteed and Other C.N.R. 




II-Provincial Direct and Guaranteed 








Net New 


New Issues 




Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 












Issues or 


New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 




















1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137 


69.3 


28.6 


1946 


913.5 


866.1 


47.4 




59.6 


73.4 


( 


58.7 


82.5 


18.2 


1947 


371.4 


641.5 


270.1 




150.1 <2) 


125.2 


123.2 


86.9 


65.2 


1948 

Nine Months 


1,424.9 


1,634.8 


210.0 




233.8 


105.7 


102.4 


38.1 


198.9 






















1946 


23.1 


419.5 


396.4 




47.4 


00.9 


57.6 


65.1 


14.5 


1947 


98.4 


495.6 


397.2 




111.7 


74.4 


92.0 


60.9 


33.1 


1948 


663.3 


885.7 


222.4 




124.2 


57.8 


47.8 


30.7 


103.5 


1949 


225.9 


194.2 


31.6 




289.6 


20.9 


21.3 


52.6 


236.5 


Quarters 






















1949— I 


45.2 


98.3 


53.1 




59.4 


8.7 




9.1 


32.0 


27.0 


II 


7.0 


52.8 


45.8 




69.6 


2.2 




2.2 


8.9 


60.7 


III 


173.7 


43.2 


130.5 




160.6 


10.0 


10.0 


11.7 


148.9 






























IV-Govt.ofCanadaTreasuryBills. 




1 1 1- Corporations 




I+II+III 




Deposit Certificates and Short- 
TermNotesSoldDirectlytoBank 












of Canada and Chartered Banks 


New Issues Retirements 


Net New 


Net New 


Net New 


Total 








Issues or 
Retirements 




Issues or 
Retirements 




Issues or 
Retirements 


Outstanding 


New 


Refunding 


Refunded 


Other 


at End of Period 


Calendar Years 




















1945 


79.1 


107.2 


110.2 


76.1 


- 




3,475.2 






695 


1,796 


1946 


125.0 


460.5 


460.1 


124.8 


.6 




29.8 






250 


1,546 


1947 


272.0 


203.1 


197.3 


150.4 


127.3 




77.6 






346 


1,200 


1948 


263.0 


19.9 


25.7 


51.6 


205.6 




194.6 






100 


1,300 


Nine Months 
























1946 


107.1 


418.6 


361.5 


103.8 


60.4 




350.4 






45 


1,841 


1947 
1948 


145.2 


187.7 


191.0 


136.0 


5.8 




358.3 






226 


1,320 


196.3 


14.6 


22.4 


42.7 


145.9 




27.0 






100 


1,300 


1949 


215.8 


10.3 


10.3 


59.0 


156.8 




425.0 






100 


1,200 


Quarters 
























949— I 


43.6 


.3 


.3 


15.6 


27.9 




1.8 






- 


1,300 


II 


74.4 


10.0 


10.0 


17.0 


57.5 




72.4 






- 


1,300 


m 


97.8 


- 


- 


26.4 


71.4 




350.8 






100 


1,200 







SUMMARY OF CHANGES IN CURRENCY OF PAYMENT ' 








GOVERNMENT OF CANADA AND PROVINCIAL DIRECT AND GUARANTEED 


OTHER C.N.R. 












AND CORPORATION BONDS 






ar Values in 


Millions o 


f Canadian Dollars 




























Net Increase or 




Ne\ 




Retiremi 


Net Decrease 




















In Bonds C 


• utstund- 

able: 


















Canada, 






Ing Paj 




Canada 


New York 


Canada & 


London 


Total 


Canada 


New York 


Canada & 








^ 






only 


only 


New York 






only 


only 


New York 


& London 






in Canada 
only 


Abroad 


ilendar Years 




























1945 


3,873.6 


49.0 


77.9 


.4 


4,000.9 


283.4 


73.2 


52.0 


101.0 


16.1 


525.7 


3,590.2 


115.0 


1946 


1,456.1 


171.1 


4.8 


.1 


1,632.0 


1.101.9 


317.5 


109.4 


58.1 


15.2 


1,602.2 


354.1 


324.3 


1947 


1,104.4 


5.5 


5.0 


6.8 


1,121.7 


937.4 


66.5 


60.6 


104.8 


30.1 


1,199.3 


167.0 


244.6 


1948 


1,757.3 


290.0 


- 


- 


2,047.3 


1,663.6 


161.1 


19.0 


5.3 


3.6 


1,852.6 


93.6 


101.0 


1946 


481.1 


171.1 


4.8 


.1 


657.1 


581.8 


308.0 


90.1 


14.1 


13.5 


1,007.5 


100.7 


249.7 


1947 


601.7 


5.5 


5.0 


5.1 


617.3 


728.2 


59.0 


56.8 


103.2 


28.3 


975.6 


126.5 


231.7 


1948 


766.3 


290.0 


- 


- 


1,056.3 


851.5 


158.5 


13.9 


3.7 


1.6 


1,029.3 


85.2 


112.2 


1949 


627.4 


135.0 


- 


— 


762.4 


310.3 


5.8 


9.7 


4.2 


7.3 


337.4 


317.0 


107.9 


Quarters 




























49— I 


157.1 


- 


- 


- 


157.1 


145.3 


1.2 


3.1 


2.0 


3.7 


155.3 


11.7 


9.9 


II 


163.2 


- 


- 


- 


163.2 


83.2 


3.5 


1.7 


2.1 


.4 


90.9 


80.1 


7.7 


III 


307.1 


135.0 


- 


- 


442.1 


81.9 


1.2 


4.9 


.1 


3.2 


91.3 


225.2 


125.6 



Issues payable in foreign currency are included on the basis of the official rates of the Foreign Exchange Control Board. 

Subject to revision. Provincial Treasury Bills are excluded. Govt, of Canada Treasury Bills. Deposit Certificates and short-term notes sold directly to 

Bank of Canada and the chartered hanks are not included in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no 

tabulation in respect of municipalities and religions institutions was possible. However, the net reduction of total municipal bonded debt less sinking funds 

has been (in millions of dollars) 4< and 5 in the years 1045 and 1946 respectively, Before the transfei to the Quebec Municipal Commission of certain 

school debt, the estimated net increase in 1947 and l'>48 was 2X and 52. 

Before giving effect to the issue of $112.2 million of Quebec Hydro debentures in connection with retirement of Montreal Light, Heat & Power stock and of 

$6J.2 million of Quebec Municipal Commission bonds re transfer of the debt ol certain school corporations. 



165 


















OCTOBER 194!) 








VI 


-BUSINESS ACTIVITY 

Dominion Bureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 


Car 
Loadings 


Value 

of 

Department 


Employ- 
ment 
Index 

(3) 


Aggregate 

Payrolls 

Index 

(j> 










News- 


Central 




Gold 


Nickel 


Steel 


Print 


Electric 


Contracts 




Store Sales 














(i) 


Stations'" 


1 Awarded 






Unadjusted 
June 1, 


Unadjustec 
June 1, 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 


Thousands 


Millions 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


| of Dollars 


of Dollars 


1941 = 100 


1941 = 10( 


Annual Totals' 4 ' 




















1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


- 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 


* 


* 


















Sept. 1949 

Monthly 

1948— Mar. 


3,889 


132 


3,244 


5,177 


41,433 


440 


3,958 


848 


128.7 


212.6 


287.8 


10.5 


286.0 


416.2 


3,467 


20.5 


324 


64.5 


123.7 


189.3 


Apr. 


286.1 


13.3 


264.3 


418.2 


3,319 


33.2 


334 


65.3 


122.2 


184.8 


May 


288.5 


11.4 


289.6 


420.8 


3,455 


51.8 


325 


65.2 


122.1 


188.0 


June 


290.1 


10.4 


259.4 


415.1 


3,331 


40.9 


342 


63.4 


125.9 


195.4 


July 


296.2 


10.5 


244.9 


424.5 


3,355 


38.3 


337 


48.3 


129.7 


203.5 


Aug. 


305.5 


9.0 


263.1 


422.3 


3,408 


44.5 


344 


54.4 


131.6 


207.2 


Sept. 


295.0 


9.9 


257.9 


408.8 


3,363 


34.1 


378 


70.7 


132.2 


209.3 


1949— Mar. 


342.7 


12.6 


298.5 


455.8 


3,602 


19.9 


330 


69.1 


123.7 


207.5 


Apr. 


326.9 


10.6 


270.0 


442.4 


3,517 


36.4 


309 


75.0 


122.9 


206.5 


May 


332.4 


11.2 


293.2 


442.7 


3,580 


48.2 


313 


72.2 


123.8 


207.3 


June 


343.3 


10.6 


270.5 


437.0 


3,481 


46.9 


322 


67.2 


127.4 


209.0 


July 


326.3 


9.6 


238.8 


421.5 


3,362 


52.2 


307 


49.9 


130.3 


217.0 


Aug. 


359.1 


8.9 


248.7 


446.8 


3,534 


55.9 


351 


57.2 


130.8 


218.2 


Sept. 






240.7 


415.2 


3,496 


50.8 


363 


76.2 


131.6 


220.8 


(1) Source: Newsprin 


t Association 


of Canada. In 


;ludes Newfot 


ndland. (2 


) Total outpu 


t less exports and secondarj 


' power. (3) 8 Leading industries. 



PERSONAL EXPENDITURE ON CERTAIN GOODS AND SERVICES: 1938 AND 1948 

AS DOLLAR TOTALS AS PERCENTAGE OF DISPOSABLE INCOME 

$ mm- ' Percent 



2500 



2000 



1500 




1000 



0- 

(i) 



foor> 



ACNT 1 " 


CLOTHING 


TOBACCO 


AUTOS. 1 *-' 


FUEL 


HOUSEHOLD 


ElEC gas. 




1 ALC at. V 


ACCESS., 






ETC 






ETC. 







RENT' 

ELEC .GAS, 

ETC 



AUTOS 1 ,' 

ACCESS , 

ETC 



Rents, imputed rents on owner-occupied houses, electricity, gas, domestic service. (2) Includes gasoline and lubricants 



OCTOBER 1949 



166 



VII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistics™ Board of Trade™ 



U.S.A. 

Bureau of Labor Statistics™ 





Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180.6 


162.7 


154.2 


167.4 


1948 


229.6 


216.0 


202.4 


184.3 


198.9 


Monthly 












1948- Aug. 


238.2 


225.7 


206.9 


188.4 


205.3 


Sept. 


236.2 


225.2 


206.6 


189.0 


205.4 


Oct. 


232.7 


220.7 


207.0 


189.4 


206.6 


Nov. 


232.4 


227.1 


206.9 


189.1 


206.7 


Dec. 


233.6 


226.3 


207.0 


189.1 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


1S6.6 


204.3 


May 


225.2 


220.6 


205.9 


187.0 


202.9 


June 


230.2 


221.6 


209.6 


186.7 


202.7 


July 


231.4 


222.4 


211.4 


186.7 


203.1 


Aug. 


225.9 


219.2 


207.0 


187.0 


201.7 


Sept. 


222.6 


219.1 


205.6 


186.3 


201.6 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


192.2 


222.7 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


222.1 


195.4 


228.1 


209.0 


232.9 


212.3 


233.3 


212.2 


230.4 


211.7 


230.2 


209.9 


231.3 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


13S.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.7 


251.3 


237.0 


239.6 


198.8 


210.2 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.7 


217.7 


205.9 


186.1 


196.5 


224.3 


215.9 


205.9 


184.7 


194.7 


225.3 


216.0 


207.1 


183.0 


193.2 


222.1 


214.2 


205.3 


182.0 


191.7 


21S.7 


212.5 


203.9 


180.8 


190.6 


213.6 


210.0 


203.0 


180.4 


189.7 


214.6 


211.3 


204.8 


181.4 


190.7 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926= 100. 

(2) Adjusted to 1935-39 = 100 from base 1913= 100 in 1929 and from base 1930 = 100 thereafter. 

(3) Adjusted to 1935-39 = 100 from base 1926 = 100. 

* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not entirely comparable with the U.S.A. "Farm Products Index". Revised to include wheat participation payment of 20 cents, retroactive to 
Aug. 1, 1945. 



Index 1935-39 = 100 



VIII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


a 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105 .( 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


10( 


).4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1948— May 


191.2 


122.7 


173.6 


120.9 


161.9 


122.9 


153.3 


June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 


Sept. 


207.0 


130.1 


183.5 


123.9 


167.4 


128.9 


162.3 


Oct. 


205.0 


134.1 


184.1 


123.9 


167.2 


130.2 


162.2 



*Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1,000-$ 1,600 most common. 



167 



Millions of Dollars 



OCTOBER 1949 
IX— FINANCIAL STATISTI 



PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 




390 

108 

47 

44 

L'.sr, 
51 

234 

229 

5 


466 
115 

44 
44 

351 
71 

280 

220 

60 


588 

136 

39 

44 

447 
171 

276 

220 

56 


727 

165 

42 

44 

560 
263 

297 

220 

77 


791 

187 

36 

42 

598 
300 

298 

204 

94 


752 

181 

38 

41 

568 
289 

279 

194 

85 


687 

155 

39 

40 

531 
264 

267 

192 

75 


674 

146 
41 
38 

531 

262 

269 

189 

80 


741 

147 

44 

36 

602 
273 

329 

240 

89 


916 

165 

46 

33 

764 
322 

442 

285 

157 


1,065 

194 


Investment and Other Non-Operating Income (Net). . 
Bond I nterest(incl.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision'" .... 
Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders ' 


48 

37 

882 
311 

571 


Net Income Paid Out in Cash Dividends 


312 




259 







SOURCE AND USE OF 


FUNDS"' 














Net Source of Funds 

Net Income to Stockholders 


234 
229 

5 

108 

2 

115 

14 

129 


280 
220 

60 

115 

3 

178 

7 

185 


276 
220 

56 

136 

1 

193 
9 

202 


297 
220 

77 

165 

4 

246 
6 

252 


298 
204 

94 

187 

2 

283 
4 

287 


279 

194 

85 

181 

2 

268 

4 

272 


267 
192 

75 

155 

2 

232 
6 

238 


269 

189 

80 

146 

2 

228 
19 

247 


329 

240 

89 

147 

1 

237 
58 

295 


442 
285 

157 

165 

1 

323 

47 

370 


571 




312 




259 




194 


Other Non-cash Charges Against Current Income"' . . 
Total Funds From Current Income 


1 

454 
25 


Total Net Sources of Funds 


479 


Net Use of Funds 

Investment in Plant, Property and Equipment 


100 
19 
18 

15 

1 

14 

93 
36 

129 


96 
47 
21 

16 

4 
7 

183 

2 

185 


118 
113 

4 

21 

2 

13 

237 
35 

202 


150 
128 

1 

25 

2 

14 

290 
38 

252 


122 

17 

7 

19 

26 

18 

159 
128 

287 


79 

47 

7 

33 

14 
5 
2 

169 
103 

272 


97 
37 

2 
27 
19 

21 

129 
109 

238 


151 
10 
7 
25 
11 
10 
37 

209 
38 

247 


275 

148 

33 

2 

8 

17 

23 

460 
165 

295 


403 

302 

3 

150 
55 
13 

490 
120 

370 


475 
173 


Investment in Other Companies 


7 


Investment in Refundable Excess Profits Tax 


13 
138 


Redemption of Preferred Stock 


48 


Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 

Sub-Total 


8 

434 


Increase in Working Capital ex. Inventories 


45 


Total Net Uses of Funds 


479 






YEAJ 


t-END 


BALA 


.NCE ! 


SHEET 












Net Working Capital and Other Assets 
Cash 


228 
179 
225 
512 

1,144 

124 

71 

63 

30 

856 

2,339 

291 

122 

75 

46 

3,637 


250 
171 
274 
559 

1,254 

153 

81 

82 

33 

905 

2,315 

306 

118 

80 

51 

3,673 


279 
190 
338 
672 

1,479 
200 

86 
182 

32 

979 

2,298 

301 

115 

76 

64 

3,705 


334 
221 
411 
800 

1,766 

268 

124 

276 

33 

1,065 

2,287 

295 

113 

76 

76 

3,760 


327 

347 
430 
817 

1,921 

306 

128 

238 

32 

1,217 

19 

2,229 

285 

112 

72 

88 

3,846 


339 
473 
398 
863 

2,073 

306 

143 

229 

28 

1,367 

52 

2,133 

278 

110 

70 

92 

3,918 


380 
529 
375 
826 

2,110 

314 

116 

205 

30 

1,445 

78 

2,072 

277 

110 

69 

80 

3,971 


366 
571 
357 
815 

2,109 

314 

81 

195 

33 

1,486 

97 

2,091 

285 

111 

88 

63 

4,095 


371 
427 
401 
963 

2,162 

352 

97 

191 

36 

1,486 

95 

2,228 

320 

110 

88 

79 

4,248 


394 

387 

503 

1,266 

2,550 

438 

147 

236 

54 

1,675 

91 

2,470 

334 

109 

106 

99 

4,686 


428 


Marketable Securities 


369 


Current Accounts Receivable 


592 




1,440 


Total Current Assets 


2,829 


Current Accounts Payable 


47.5 




130 




237 


Accrued Interest and Dividends Payable 


64 


Net Working Capital 


1,923 


Refundable Portion of Excess Profits Tax 


72 


Plant, Property and Equipment (Net)' 7 ' 


2,769 


Investment in Other Companies (Net)' 8 ' 


378 


Goodwill, Franchises, etc 


107 


Miscellaneous Assets'" 


118 


Miscellaneous Liabilities' 10 ' 


112 


Total 


5,255 






Capital and Surplus 

Funded Debt' 1 " 


921 
36 

488 

1,417 

775 

3,637 


918 
31 

483 

1,421 

820 

3,673 


882 

36 

471 

1,448 
868 

3,705 


856 

37 

467 

1,432 

968 

3,760 


830 
43 

466 
1,437 
1,070 

3,846 


813 
46 

458 
1,445 
1,156 

3,918 


796 
25 

455 
1,455 
1,240 

3,971 


816 
33 

441 
1,474 
1,331 

4,095 


823 
22 

420 
1,541 
1,442 

4,248 


978 
27 

464 
1,599 
1,618 

4,686 


1,142 


Loans from Parent and Other Companies (Net) 

Preferred Stock Outstanding 


28 

486 


Common Stock Outstanding 


1,629 ; 


Earned Surplus and Surplus Reserves' 12 ' 


1,970 


Total 


5,255 







Note: For footnotes see facing page. 



OCTOBER 1949 



168 



||R 663 COMPANIES : 1938-48 



NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Millions of Dollars 




Grain Mill Products I 7 

Food j 45 

Beverage I 15 

Tobacco I 3 



Leather 

Rubber 

Primary Textiles 

Miscellaneous Textiles. 
Clothing 



Wood Products, (incl. Logging). 

Pulp and Paper 

Paper Products 

Printing and Publishing 



Iron, Steel and Products 

Machinery 

Electrical Machinery & Equipment 

Gold Mining 

Other Non-ferrous Metals 

Non-Metallic Minerals (ex. Fuels) . 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 



Wholesale Trade & Service . . 

Retail Trade & Service 

lilectric Utilities 

Telephones 

Transportation and Storage. 
Grain Elevators 



Total of 663 Companies . 



14 
7 
26 
13 
28 

19 
23 
26 
12 

49 
49 
27 

38 
18 
22 
17 
11 
30 
11 

64 
32 
22 
6 
16 
13 

663 



1938 



7.8 
5.9 
7.0 

.4 
2.3 
2.9 
1.9 



.5 

.7 

1.8 

1.1 

8.0 

10.8 

6.0 

43.4 

56.6 

4.6 

3.9 

30.8 

8.9 

.7 

2.6 
5.2 
12.8 
8.0 
1.3 
1.5 

234.2 



1939 



2.1 

13.4 

6.7 

7.1 



2.4 
7.3 
3.0 
1.5 

1.2 
7.6 
2.0 

1.4 

12.7 

8.6 
6.1 

43.2 

68.6 

5.1 

4.7 

27.3 

12.1 

1.2 

4.2 
6.0 
12.9 
8.1 
1.5 



279.6 



1940 



2.2 
9.8 
5.5 
6.7 

.7 
2.3 
6.5 
2.6 
1.3 

1.1 

15.2 

1.9 

1.2 

12.1 

12.7 

7.0 

40.7 

67.4 

4.7 

4.2 

23.0 

10.8 

1.2 

4.3 
5.6 
13.2 
8.2 
2.1 
1.5 

275.7 



1941 



2.0 

10.5 

6.9 

6.4 

.6 
3.2 
7.0 
3.4 
1.7 

1.3 
16.3 

2.4 
1.2 

13.7 

17.6 

8.7 

36.7 

74.1 

5.2 

4.0 

21.5 

11.3 

1.2 

4.5 
6.7 
14.0 
9.8 
3.7 
1.6 

297.2 



1942 
(13) 

1.9 

11.5 

8.2 



1.0 
4.9 
7.9 
3.5 
2.1 

1.4 

13.0 

2.5 

1.1 

15.1 

21.7 

9.9 

29.1 

73.0 

5.5 

3.6 

20.0 

10.2 

1.4 

4.9 
7.3 
15.9 
9.9 
3.4 
1.5 

298.0 



1943 

(13) 



2.6 

11.5 
7.6 
6.6 

.9 
4.1 
6.5 
3.4 
1.9 

1.3 

12.1 

2.3 

1.2 

15.3 

19.2 

8.6 

22.4 
68.1 
4.3 
3.4 
22.0 
9.1 
1.2 

5.1 
7.7 
16.0 
9.3 
2.6 
2.3 

278.6 



1944 

(13) 

2.6 

12.1 

9.4 

6.5 

1.2 
3.6 
7.9 
3.0 
2.2 

.7 

14.5 

2.4 

1.3 

13.8 

18.0 

9.6 

16.3 
58.5 
3.7 
3.5 
21.7 
9.9 
1.4 

4.7 
9.0 
15.0 
9.5 
2.5 
2.2 

266.7 



1945 
(13) 



2.6 
11.3 
12.3 



1.1 
3.9 
7.2 
3.2 
2.3 

1.4 

15.8 

2.4 

1.5 

12.4 

17.1 
7.9 

14.4 

57.1 

4.9 

3.8 

23.0 

10.3 

1.5 

5.4 
9.9 
15.3 
10.2 
2.7 
1.7 

269.4 



1946 

(13) 



3.1 
13.1 
20.8 

7.0 

1.5. 

4.6 

7.2 

4.1 

3.6 

2.6 

34.3 

4.3 

1.9 

14.6 

16.1 

7.2 

10.8 

68.4 

6.8 

3.8 

25.8 

12.5 

1.7 

7.9 

15.2 

17.0 

10.3 

1.5 

1.4 

329.1 



1947 

(13) 

3.8 
16.6 
20.7 

6.8 

1.6 
9.7 
10.5 
4.9 
4.1 

5.4 

54.4 

6.0 

1.9 

20.6 
30.6 
13.2 

9.0 

101.6 

8.8 

3.9 

30.3 

15.3 

2.4 

9.0 

16.3 

18.4 

11.7 

3.0 

1.3 

441.8 



1948 



4.6 
21.7 
21.1 

7.7 

1.5 

6.3 

21.2 

6.2 
4.1 

7.2 

77.8 

7.0 

2.1 

31.6 
46.4 
17.1 

11.5 

132.1 

13.4 

6.1 
34.7 
18.6 

2.8 

12.2 
19.1 
18.2 
12.7 
4.3 
2.0 

571.3 



THE FOOTNOTES BELOW REFER TO TABLES ON PAGES 167 TO 172 INCLUSIVE 



l) 



-•) 



The tabulation includes all those companies with 1941 assets over $200,000 
for which consistent reports were available from 1935-1948. The accounts 
of certain companies which were available in some or all of these years were 
not comparable throughout the period and had to be excluded. Since many 
of the companies report on a consolidated basis, the number of individual 
companies included in the sample is actually a good deal larger than in- 
dicated. The material is, of course, subject to all the limitations and 
qualifications which apply to the basic accounting statements. 
For purposes of comparability, any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves, whether 
shown by the company in operating expenses or as an adjustment to earned 
surplus, have been deducted in arriving at Net Operating Profit. For the 
Total 663 Companies the special inventory reserves amounted to .2, 1.7, 
5.7, 11.1, 5.9, 2.8, 4.2,-1.8, 2.8, 14.9 and 1.8 in the years 1938-48 respect- 
ively. 

Includes deferred development and depletion provision where charged by 
the company. For the Total 663 Companies these amounted to 10.0, 
9.5, 10.1, 10.2, 9.7, 8.7, 8.7, 8.6, 8.1. 9.0 and 9.8 in the years 1938-48 
respectively. 

The Source and Use of Funds Statement is designed to show net cash 
received from all sources and paid out for all purposes; revaluations or 
purely bookkeeping transactions which affect items of the Balance Sheet, 



particularly Plant, Property and Equipment, Preferred and Common 
Stock Outstanding and, in a few instances, Funded Debt, are not reflected 
in the Source and Use of Funds Statement. 

(4) Includes amortization of bond discount. 

(5) Includes adjustments relating to tax accruals and other transactions of 
previous years. 

(6) Special inventory reserves have been deducted. 

(7) Reserves for depreciation and depletion have been deducted. 

(8) Includes current accounts receivable from subsidiaries and fixed invest- 
ment in subsidiaries less current and non-current accounts payable to 
subsidiaries. 

(9) Includes bond discount and other deferred charges, deferred development, 
etc. 

(10) Includes pension fund reserves, insurance reserves and advance payments 
on government contracts. 

(11) Bonds and mortgages outstanding less sinking fund. 

(12) Includes contingent and general reserves, capital surplus and the refund- 
able portion of the Excess Profits Tax. 

(13) Includes the Refundable Portion of the Excess Profits Tax, amounting 
to 19.3, 32.8, 27.5, 26.3, 2.4 and .1 in the years 1942-47 respectively. 



169 



Millions of Dollars 



OCTOBER 1949 

IX— FINANCIAL STATISTICS FOR 663 COI 
Group 1 : Assets over $25 million : 36 Companies 



Fiscal Year Nearest to Calendar Year 



1938 | 1939 I 1940 | 1941 I 1942 | 1943 | 1944 | 1945 1946 | 1947 1948 



PROFIT STATISTICS : SUMMARY STATEMENT 



Net Operating Profit (Before Depreciation)'" 

Depreciation' 2 ' 

Investment and Other Non-Operating Income (Net). . 
Bond I nterest(incl.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision"' . . 
Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders'" 

Net Income Paid Out in Cash Dividends 

Undistributed Income'" 



203 
55 
38 
30 


232 
57 
32 

30 


298 
68 
26 
31 


353 
82 
29 

30 


384 
92 
22 
30 


370 
95 
23 
30 

268 
124 


334 
83 

24 
29 


324 

81 
26 
28 


348 

77 
25 
26 


446 
84 
26 
23 


156 
27 


177 
35 


225 
80 


270 
119 


284 
132 


246 

111 


241 
106 


270 

111 


365 

142 


129 

133 


142 

125 


145 

121 


151 

117 


152 

115 


144 

116 


135 

108 


135 

109 


159 

131 


223 

149 


4 


17 


24 


34 


37 


28 


27 


26 


28 


74 



SOURCE AND USE OF FUNDS' 3 ' 



Net Source of Funds 

Net Income to Stockholders 

Cash Dividends 

Undistributed Profits 

Depreciation Charges' 2 ' 

Other Non-cash Charges against Current Income' 4 ' 

Total Funds From Current Income . . . 
Issue of Common Stock 

Total Net Sources of Funds. 

Net Use of Funds 

Investment in Plant, Property and Equipment. . . . 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities)' 5 ' . . 

Sub-Total 

Increase in Working Capital ex. Inventories 

Total Net Uses of Funds 



129 


142 


145 


151 


152 


144 


135 


135 


159 


223 


133 


125 


121 


117 


115 


116 


108 


109 


131 


149 


4 


17 


24 


34 


37 


28 


27 


26 


28 


74 


55 


57 


68 


82 


92 


95 


83 


81 


77 


84 


1 


3 


2 


2 


2 


1 


1 


1 


1 


1 


52 


77 


94 


118 


131 


124 


111 


108 


106 


159 


5 


2 


6 


2 


1 


1 


1 


2 


26 


34 


57 


79 


100 


120 


132 


125 


112 


110 


132 


193 


55 


48 


59 


70 


68 


41 


49 


63 


134 


221 


1 


8 


44 


49 


3 


8 


- 


3 


60 


147 


15 


23 


4 


6 


6 


5 


- 


2 


17 


1 


- 


- 


- 


- 


7 


10 


8 


7 


- 


- 


6 


8 


11 


14 


11 


1 


15 


5 


13 


81 


- 


3 


- 


- 


- 


1 


- 


- 


4 


47 


11 
58 


4 


1 


9 


4 


1 


5 


15 


17 


8 


88 


109 


118 


73 


53 


67 


85 


211 


231 


1 


9 


9 


2 
120 


59 


72 


45 


25 


' 79 


38 


57 


79 


100 


132 


125 


112 


110 


132 


193 



YEAR-END 


BALANCE J 


5HEE1 
















Net Working Capital and Other Assets 

Cash 


105 

74 

88 

242 

509 
49 
21 
34 
14 

-391 

1,391 

200 

60 

37 

37 

2,042 


111 

63 

110 

250 

534 
60 
28 

41 
16 

389 

1,377 

218 

60 

43 

42 

2,045 


144 

63 

137 

294 

638 
84 
30 
86 
16 

422 

1,369 

214 

60 

41 

49 

2,057 


187 

78 

161 

343 

769 
112 

43 
128 

16 

470 

1,361 

204 

60 

41 

56 

2,080 


156 
141 
186 
340 

823 
126 

40 
109 

16 

532 

7 

1,339 

197 

60 

36 

52 

2,119 


164 
207 
167 
348 

886 

121 

40 

98 

15 

612 
17 
1,286 
191 
60 
34 
50 

2,150 


190 
228 
155 
349 

922 

120 

33 

92 

17 

660 
24 
1,248 
187 
60 
33 
55 

2,157 


180 
266 
133 
351 

930 

117 

21 

83 

20 

689 
28 
1,234 
189 
60 
43 
49 

2,194 


186 
195 

150 
411 

942 

136 

27 

84 

23 

672 

29 

1,297 

204 
59 
41 
59 

2,243 


223 
178 
192 
559 

1,152 
1S7 

35 
108 

35 

787 

28 

1,436 

210 
59 
51 
78 

2,493 


?X 


Marketable Securities 


Ifif 


Current Accounts Receivable 


24< 




661 


Total Current Assets 


1,291 


Current Accounts Payable 


20' 


Bank Loans 


2.' 


Accrued Taxes Payable 


11' 


Accrued Interest and Dividends Payable 

Net Working Capital 


4 
90 


Refundable Portion of Excess Profits Tax 


2 


Plant, Property and Equipment (Net)' 7 ' 


1,62 


Investment in Other Companies (Net)"' 


23! 


Goodwill, Franchises, etc 


51 


Miscellaneous Assets < 9 ' 


6: 


Miscellaneous Liabilities'"" 


9 


Total 


2,81 






Capital and Surplus 

Funded Debt' 11 ' 


(528 
16 
172 
784 
442 

2,042 


633 
13 
172 
784 
443 

2,045 


622 

12 

172 

789 
462 

2,057 


606 
12 
170 
768 
524 

2,080 


595 
18 
169 
770 
567 

2,119 


597 
21 
169 
770 
593 

2,150 


582 
3 

169 
771 
632 

2,157 


596 
8 
168 
773 
649 

2,194 


593 
13 

163 
803 
697 

2,243 


679 
10 
210 
837 
777 

2,493 


7!> 


Loans from Parent and Other Companies (Net) 

Preferred Stock Outstanding 


21 


Common Stock Outstanding 


85 ! 


Earned Surplus and Surplus Reserves' 12 ' 


95 


Total 


2,81 









Note: For footnotes see page 168. 



! OCTOBER 1949 

lES* CLASSIFIED BY ASSET SIZE : 1938-48 

\tada Group 2 : Assets $5 mm. - $25 mm. 



127 Companies 



170 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1938 | 1939 | 1940 | 1941 | 1942 1943 1944 1945 1946 1947 1948 



PROFIT STATISTICS : SUMMARY STATEMENT 





121 
34 

7 
12 

82 
15 

67 

64 


152 

38 

8 

12 


187 
46 
10 
11 


240 

56 

9 

11 


258 

65 

9 

10 


244 

59 

10 

9 


226 

50 

10 

9 


220 

45 

10 

8 


242 

48 

14 

8 


307 

54 

14 

8 


344 
63 


Investment and Other Non-Operating Income (Net). . 
Bond I nterest(incl.Exchange& Amort izationof Discount) 


13 

9 


Net Profit before Income & E. P. Tax Provision (l) .... 
Income & E. P. Tax Provision (ex. Refundable Portion) 


110 
23 


140 
57 


182 
90 


192 
101 


186 
99 


177 
91 


177 
91 


200 
94 


259 
115 


'285 
107 


Net Income to Stockholders'" 


87 
61 


83 
61 


92 

66 


91 

58 


87 
52 


86 

59 


86 

56 


106 

71 


144 

95 


178 

99 


Undistributed Income'" 


3 


26 


22 


26 


33 


35 


27 


30 


35 


49 


79 









SOURCE AND USE 


OF FUNDS 


(J) 
















Net Source of Funds 

Net Income to Stockholders 


67 
64 


87 
61 


83 
61 


92 
66 


91 
58 


87 
52 


86 
59 


86 
56 


106 
71 


144 
95 


178 






99 




Undistributed Profits 






3 

34 

1 


26 
38 

1 


22 

46 
1 


26 
56 

2 


33 

65 

1 


35 

59 

1 


27 

50 

1 


30 
45 


35 

48 


49 
54 


79 




Depreciation Charges' 2 ' 


63 




Other Non-cash Charges Against Current Income' 4 '. . . 

Total Funds From Current Income 

Issue of Common Stock 






38 
9 


65 
4 


67 

1 


84 

4 


99 
3' 


95 
2 


78 
4 


75 
13 


83 
23 


103 
8 


142 
11 




Total Net Sources of Funds 






47 


69 


68 


88 


102 


97 


82 


88 


106 


111 


153 




Net Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 


30 

12 

6 

8 

4 


30 
24 

1 

5 
1 


39 
51 

1 

9 
1 

8 


56 

44 

3 

10 
1 

2 


39 
11 

7 
11 

1 
12 


28 

35 

2 

14 

12 

3 

2 


34 

33 

3 

11 
6 
4 

27 


60 

11 
2 

10 
1 
6 

12 


90 

55 

10 

1 

1 

10 

4 


116 

107 

2 

47 

11 

8 


138 
41 




Investment in Other Companies 


2 




Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 


4 
41 




Redemption of Preferred Stock 


13 




Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 

Sub-Total 


1 




24 
23 


59 
10 


91 

23 


112 

24 


55 

47 


88 
9 


44 
38 


78 
10 


161 
55 


155 

44 


122 




Increase in Working Capital ex. Inventories 


31 




Total Net Uses of Funds 






47 


69 


68 


88 


102 


97 


82 


88 


106 


111 


153 










YEAR 


-END 


BALA 


VCE S 


HEET 


















Net Working Capital and Other Assets 
. Cash 


76 

80 

80 

163 

399 
43 
29 
19 
11 

297 

686 

63 

33 

23 

6 

1,096 


89 

82 

94 

187 

452 
52 
30 
27 
13 

330 

677 

61 

32 

23 

6 

1,117 


84 

91 

116 

238 

529 
67 
31 
60 
12 

359 

669 
60 
31 
21 
11 

1,129 


92 
101 
151 
283 

627 
92 
51 
93 
12 

379 

669 
62 
29 
21 
14 

1,146 


108 
145 
146 
293 

692 

112 

52 

78 

12 

438 
7 

642 
61 
29 
22 
28 

1,171 


105 

180 
139 
329 

753 

113 

69 

78 
9 

484 
21 

615 
60 
27 
20 
32 

1,195 


111 
197 
130 
296 

734 

116 

51 

67 

8 

492 
31 

599 
64 
28 
19 
13 

1,220 


108 
196 
134 
285 

723 

120 

30 

65 

9 

499 
38 

618 

65 

30 

24 

7 

1,267 


110 
155 
143 
339 

747 

133 

32 

64 

9 

509 
36 

658 
77 
30 
26 
11 

1,325 


104 
149 
181 
446 

880 

152 

61 

82 

14 

571 
34 

721 
79 
30 
30 
12 

1,453 


115 




Marketable Securities 


155 




Current Accounts Receivable 


203 




Inventories' 6 ' 


487 




Total Current Assets 


960 




Current Accounts Payable 


161 




Rank Loans 


52 




Accrued Taxes Payable 


79 




Accrued Interest and Dividends Payable 


15 




Net Working Capital 


653 






27 




Plant, Propertv and Equipment (Net)"' .- 


804 




Investment in Other Companies (Net) 18 ' 


86 




Goodwill, Franchises, etc 


30 




Miscellaneous Assets'" 


31 




Miscellaneous Liabilities' 10 ' 


10 




Total 


1,621 










Capital and Surplus 

Funded Debt"" 


243 
10 

222 
400 
221 

1,096 


237 
10 
220 
405 
245 

1,117 


214 

13 

211 

425 

266 

1,129 


204 
12 
209 
431 
290 

1,146 


193 

10 
210 
434 

324 

1,171 


178 
13 
204 
438 
362 

1,195 


173 
9 
208 
441 
389 

1,220 


175 
11 
199 
454 
428 

1,267 


179 
19 
188 
480 
459 

1,325 


227 

17 
189 
497 
523 

1,453 


269 




Loans from Parent and Other Companies (Net) 

Preferred Stock Outstanding 


19 

200 




Common Stock Outstanding 


510 






623 




Total 


1,621 






S 


"Jote: for footnotes see page 168. 

























171 



Millions of Dollars 



Group 3 : Assets $1 mm. 



OCTOBER 1949 

IX— FINANCIAL STATISTICS FOR 663 COINS 
$5 mm. : 243 COMPANIES Bat 



Fiscal Year Nearest to Calendar Year 



1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 1947 1948 



PROFIT STATISTICS : SUMMARY STATEMENT 





57 

17 

2 

2 

40 

7 

33 

28 

5 


71 

17 

2 

2 


88 

20 

2 

2 


111 

23 

3 

2 


121 

25 

3 

2 


111 

22 

3 

2 


102 

18 
4 
2 


104 
17 

4 
2 


119 

19 

5 

2 

103 
53 


125 

23 

5 

2 

105 
48 

57 

34 

23 


140 

27 
5 
2 


Investment and Other Non-Operating Income (Net). . 
Bond Interest (incl.Exchange&Amortizationof Discount) 


Net Profit before Income & E. P. Tax Provision (l > 

Income & E. P. Tax Provision (ex. Refundable Portion) 


54 
11 

43 

29 

14 


68 
28 

40 

33 


89 
43 


97 
52 

45 

27 

18 


90 
51 

39 

22 

17 


86 

48 

38 

21 

17 


89 
50 

39 

20 

19 


116 
43 


Net Income to Stockholders'" 


46 

33 

13 


50 

30 

20 


73 




30 




Undistributed Income'" 


7 


43 







SOURCE AND USE OF FUNDS"' 



Net Source of Funds 

Net Income to Stockholders. . . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges' 2 ' 

Other Non-cash Charges Against Current Income' 4 '. 

Total Funds From Current Income. . . . 
Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. . 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 

Sub-Total 

Increase in Working Capital ex. Inventories. . . . , 



33 


43 


28 


29 


5 


14 


17 


17 


— 


- 


22 


31 


- 


1 



22 



Total Net Uses of Funds. 



22 



32 



32 



32 



40 
33 



7 


13 


20 


23 


— 


— 


27 


36 


1 


- 



28 



17 

14 

1 

1 
1 
4 



30 
2 



28 



46 
33 



36 



19 

27 
2 

1 
1 

1 



49 
13 



36 



45 

27 


39 

22 


18 
25 


17 

22 


43 


39 

1 



43 



13 
8 
1 
4 
3 
1 
2 



26 

17 



43 



40 



2.3 
17 



40 



38 
21 



17 

18 



35 
2 



37 



14 
23 



37 



39 

20 



19 
17 



36 
4 



40 



23 
3 

2 

7 
5 

4 
9 



37 
3 



40 



50 
30 



20 
19 



39 
9 



48 



43 
24 
6 
1 
3 
1 
3 



69 
21 



48 



57 
34 



23 
23 



46 
5 



51 



52 

35 

5 

19 

5 
3 



81 
30 



51 



YEAR-END 


BALANCE 


SHEET 














Net Working Capital and Other Assets 

Cash 


38 
21 
42 
81 

182 

24 

14 

9 

3 

132 

226 
23 
24 

12 
2 

415 


40 
22 
52 
94 

208 

31 

17 

12 

4 

144 

225 

22 

21 

12 

2 

422 


43 

31 

62 

108 

244 

36 

19 

30 

4 

155 

224 

23 

20 

12 

3 

431 


44 

36 

75 

135 

290 

48 

23 

45 

5 

169 

221 

24 

19 

12 

4 

441 


50 

50 

74 

143 

317 
52 

27 

40 

4 

194 

4 

211 

23 

19 

12 

7 

456 


57 

69 

70 

145 

341 

56 

27 

40 

4 

214 
11 

198 
23 
19 
13 
10 

468 


64 

83 

67 

141 

355 
60 

24 

36 

4 

231 
18 

191 
23 

18 
13 
11 

483 


64 

87 

67 

138 

356 

59 

21 

37 

3 

236 
23 

203 
26 

17 

17 



516 


61 

64 

79 

161 

365 

62 

27 

33 

3 

240 
23 

231 

34 

17 

18 

9 

554 


52 

51 

96 

197 

396 

73 
36 
35 

4 

248 
23 

262 

39 

17 

20 

8 

601 


60 


Marketable Securities 


51 


Current Accounts Receivable 


108 


Total Current Assets 


223 

442 


Current Accounts Payable 


82 


Bank Loans 


41 


Accrued Taxes Payable 


32 


Accrued Interest and Dividends Payable 


-1 


Net Working Capital 


283 


Refundable Portion of Excess Profits Tax 


19 


Plant, Property and Equipment (Net)"' 


28S 


Investment in Other Companies (Net)' 8 ' 


4e 




17 


Miscellaneous Assets'" 


2C 


Miscellaneous Liabilities' 10 ' 


( 


Total 


661 






Capital and Surplus 

Funded Debt" 1 ' 


46 

4 

80 

190 

95 

415 


43 
2 

77 
191 
109 

422 


43 
6 

74 
192 
110 

431 


42 
8 

73 
191 
127 

441 


39 

8 

73 
191 
145 

456 


36 
6 

71 
194 
161 

468 


36 

6 

65 

200 
176 

483 


41 
6 

61 
204 
204 

516 


44 

10 

58 

214 

228 

554 


64 

13 

54 

219 

251 

601 


v. 


Preferred Stock Outstanding 


l 

5(i] 


Common Stock Outstanding 


22(; 


Earned Surplus and Surplus Reserves" 2 ' 


30' 


Total 


66 







Note: for footnotes see page 168. 



I OCTOBER 1949 

Is* CLASSIFIED BY ASSET SIZE : 1938-48 

I ia Group 4 : Assets Under $1 million 



257 COMPANIEst 



172 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 



PROFIT STATISTICS 


: SUMMARY STATEMENT 














7.8 

2.4 

.6 

.2 

5.8 
1.1 

4.7 
4.5 

.2 


11.0 
2.6 

.8 

2 

9.0 
1.9 

7.1 

4.3 

2.8 


15.0 
3.0 

.7 

9 

12.5 
5.8 

6.7 

4.4 

2.3 


22.3 

3.8 

.6 

.2 

18.9 
10.2 

8.7 

4.0 

4.7 


27.3 

4.4 
.7 
.2 

23.4 
14.0 

9.4 

3.8 

5.6 


27.2 

4.2 

.8 

.2 

23.6 
14.6 

9.0 

3.9 

5.1 


25.9 
3.3 

.9 
.2 

23.3 

14.6 

8.7 

3.7 

5.0 


25.1 

3.1 

.9 

.2 

22.7 
13.6 

9.1 

3.6 

5.5 


30.9 

3.4 

.9 

.2 

28.2 
14.8 

13.4 

7.8 

5.6 


37.9 
4.2 
1.0 

.2 

34.5 
16.1 

18.4 

8.2 

10.2 


43.4 
5.7 


Investment and Other Non-Operating Income (Net). . 
Bond Interest (incI.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision ' .... 
Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders'" 


1.1 

.3 

38.5 
14.1 

24.4 


Net Income Paid Out in Cash Dividends 


6.5 


Undistributed Income"' 


17.9 







SOURCE AND USE OF FUNDS' 3 ' 



Net Source of Funds 

Net Income to Stockholders. . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges* 2 ' 

Other Non-cash Charges Against Current Income' 4 ' 

Total Funds From Current Income. . . . 
Issue of Common Stock 



Total Net Sources of Funds. . 



4.7 
4.5 

.2 
2.4 

2.6 
.1 

2.5 



7.1 
4.3 



2.8 
2.6 



5.4 

.4 



5.8 



6.7 
4.4 



2.3 
3.0 



5.3 

.4 



5.7 



8.7 
4.0 



4.7 
3.8 



8.5 



8.5 



9.4 
3.8 



5.6 
4.4 



10.0 
.3 



10.3 



9.0 
3.9 



5.1 
4.2 



9.3 
.3 



9.6 



8.7 
3.7 



5.0 
3.3 



8.3 
.3 



8.6 



9.1 
3.6 



5.5 
3.1 



8.6 
.4 



9.0 



13.4 
7.8 



5.6 
3.4 



9.0 
.4 



9.4 



18.4 
8.2 



10.2 

4.2 

.2 



14.2 
.7 



14.9 



24.4 
6.5 



17.9 

5.7 

.3 



23.9 
1.6 



25.5 



Net Use of Funds 

Investment in Plant, Property and Equipment. . , 

Investment in Inventories 

Investment in Other Companies 

investment in Refundable Excess Profits Tax. . . , 

Redemption of Funded Debt , 

Redemption of Preferred Stock 

ncrease in Misc. Assets (less Misc. Liabilities)*" 

Sub-Total 

ncrease in Working Capital ex. Inventories. 



Total Net Uses of Funds. 



2.2 

2.0 

.1 

.1 
.2 



.6 
1.9 

2.5 



2.1 

2.5 

.3 

.3 

.2 

1.1 

3.9 
1.9 

5.8 



3.2 
3.9 

.7 

.4 

.2 

1.0 



4.5 

7.0 

.6 

.4 
.1 



3.4 
.9 

1.2 
.5 
2 
!6 



2.2 
1.0 
.2 
2.5 
.3 
.2 
.1 



2.9 
.4 
.6 

2.2 

1.6 
.7 

1.0 



7.6 
1.9 

5.7 



10.3 



5.7 
3.9 

9.6 



4.2 
4.4 

8.6 



5.1 

1.2 

.3 

1.9 

.3 

.3 



9.9 
.9 

9.0 



8.4 

10.0 

.2 

.1 

1.3 

1.0 

.9 



9.4 



13.1 

12.9 

1.1 

1.5 
1.1 

.4 

24.1 
9.2 

14.9 



13.3 

3.7 

1.4 

.8 

3.0 

.6 

.1 

15.3 
10.2 

25.5 





YEAR-END 


BALANCE SHEET 


















Net Working Capital and Other Assets 
.'ash 


7.7 

4.4 

16.1 

25.8 

54.0 

8.5 

6.6 

1.3 

.3 

37.3 

35.8 

4.5 

4.7 

2.1 

.5 

83.9 


9.2 

4.3 

18.6 

28.2 

60.3 

10.0 

5.8 

2.1 

.6 

41.8 

35.4 

4.5 

4.1 

2.1 

.5 

87.4 


8.7 

5.5 

22.0 

32.1 

68.3 

13.0 

5.2 

5.9 

.4 

43.8 

35.6 

3.7 

4.1 

2.1 

.5 

88.8 


9.8 
7.1 

24.8 
39.2 

80.9 

15.6 

7.3 

10.3 

.6 

47.1 

36.3 

4.3 

4.1 

2.4 

.8 

93.4 


13.1 
11.4 
23.4 
40.0 

87.9 

14.8 

8.2 

12.0 

.4 

52.5 
1.2 

35.6 

4.2 

4.1 

2.6 

.4 

99.8 


12.8 
16.5 
22.3 
41.0 

92.6 

15.8 

7.4 

11.4 

.4 

57.6 
3.6 

33.8 

4.1 

4.1 

2.8 

.2 

105.8 


14.8 
20.1 
21.9 
40.6 

97.4 
17.6 

7.4 
10.5 

.4 

61.5 
5.7 

33.5 

3.8 

4.0 

3.7 

.8 

111.4 


13.4 
21.9 
23.4 
41.8 

100.5 

18.2 

9.5 

9.7 

.4 

62.7 
7.3 

35.6 

4.4 
3.8 

4.1 

.7 

117.2 


14.8 
13.2 
29.0 
51.8 

108.8 

21.1 

11.1 

10.1 

.7 

65.8 
6.6 

41.4 

4.7 

3.8 

4.0 

.7 

125.6 


14.2 

8.9 

34.7 

64.7 

122.5 

25.4 

15.7 

10.5 

.9 

70.0 
6.3 

50.6 
6.0 
3.7 
4.1 
1.2 

139.5 


19.1 






8.2 






40.4 




nventories' 6 ' 


68.4 




Totaj. Current Assets 


136.1 




I urrent Accounts Payable 


26 8 




ank Loans 


13 8 




ccrued Taxes Payable 


10.1 




ccrued Interest and Dividends Payable 


.6 




Net Working Capital 


84.8 


1 efundable Portion of Excess Profits Tax 


5.1 


1 lant, Propertv and Equipment (Net)"' 


58.8 


1 lvestment in Other Companies (Net)' 8 ' 


7.3 


1 oodwill, Franchises, etc ... 


3.4 


j (iscellaneous Assets'" 


4.6 


iscellaneous Liabilities' 10 ' 


1.2 




Total 


162.8 










j Capital and Surplus 

I inded Debt" 1 ' 


4.6 

5.4 

13.5 

42.9 

17.5 

83.9 


4.3 

6.0 

14.1 

40.9 

22.1 

87.4 


3.9 

5.2 

14.3 

41.3 

24.1 

88.8 


3.5 

5.6 

14.2 

41.5 

28.6 

93.4 


3.1 
6.4 

14.0 
41.8 
34.5 

99.8 


3.2 

7.2 

13.9 

42.2 

39.3 

105.8 


4.9 

7.2 

13.2 

42.3 

43.8 

111.4 


4.6 

6.8 

12.5 

43.2 

50.1 

117.2 


5.9 

7.1 

11.0 

44.4 

57.2 

125.6 


7.5 

6.6 

11.9 

45.6 

67.9 

139.5 


10.6 




1 eferred Stock Outstanding 


6.9 
11.3 




)mmon Stock Outstanding 


47.2 






86.8 




Total 


162.8 








y 


This includes only companies with 1941 assets over $200,000 
ier $1,000,000. Note: For other footnotes see page 168. 


and und 


■r $1,00( 


),000 an 


i constit 


utes a re 


atively 


small san 


iple of al 


1 compar 


ies havii 


ig assets 



173 



Millions of Dollars 



OCTOBER 1949 

X— PROVINCIAL! GOVEF1 

Bank of Canada, Dominion Bureau ci 



Fiscal year-end nearest to Dec. 31st 



1926 



1930 



1933 



1937 



1940 



1945 



1946 



1947 



Direct Debt 

Funded Debt 12 ' 

Less Sulking Funds 

Net Funded Debt 

Treasury Bills 

Held by Govt, of Canada 

Held by Others 

Total Treasury Bills 

Savings Deposits 

Temporary Loans 

Superannuation & Other Deposits. 

Accrued Interest 

Accounts Payable & 

Other Liabilities' 4 ' 



Total Direct Debt (Less sinking Funds) . . 
Indirect Debt 

Guaranteed Bonds* 5 ' 

Less Sinking Funds 

Net Guaranteed Bonds 

Loans under M.I.A. Act' 6 ' 

Guaranteed Bank Loans 

Other Indirect Debt"' 

Total Indirect Debt (Less sinking Funds) 

Total Direct and Indirect Debt 

(Less Sinking Funds) 



Provincial! Distribution 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec' 8 ' 

Ontario 

Manitoba 

Saskatchewan 

Alberta' 4 ' 

British Columbia 



Total Direct and Indirect Debt 

(Less Sinking Funds) 



740.2 
41.6 



974.9 
60.6 



698.6 



62.1 



914.3 



91.2 



62.1 

43.8 

1.9 

9.4 

9.7 

18.3 



91.2 
49.0 
8.5 
10.8 
13.5 

19.3 



843.8 

98.8 

.7 



1,106.6 



98.1 

3.3 
3.1 




10.3 
16.0 



104.5 



131.4 



948.3 



1,238.0 



2.1 
38.6 
37.8 
98.4 

404.2 
90.1 
58.8 

122.4 
95.9 



2.8 

55.4 

52.5 

104.9 

552.7 

107.6 

98.4 

136.5 

127.2 



948.3 



1,238.0 



1,265.9 
85.4 



1,511.6 

123.4 



1,180.5 

51.6 
89.2 



1,388.2 

129.5 
103.3 



140.8 

30.8 

9.9 

15.4 

17.9 

20.7 



232.8 
47.3 
14.4 
27.9 
18.0 

26.4 



1,416.0 

123.3 

5.2 



1,755.0 

166.7 
13.3 



118.1 

22.0 
16.9 

157.0 
1,573.0 



153.4 

36.9 

17.7 



208.0 



1,963.0 



3.9 

67.4 
61.5 
170.5 
692.4 
118.5 
153.3 
157.6 
147.9 



5.9 
93.1 
82.2 
285.6 
806.1 
122.4 
216.1 
172.3 
179.3 



1,573.0 



1,963.0 



1,734.5 

156.8 

1,577.7 

160.6 
109.4 



1,641.6 
199.6 



1,671.6 
226.6 



1,641.7 
234.7 



1,442.0 

178.1 
32.0 



1,445.0 

175.7 
34.8 



1,407.0 



102.0 



40.4 



270.0 

41.7 

8.2 

28.5 

21.1 

27.6 



210.1 
48.4 
24.4 
41.9 
17.9 

33.4 



210.5 

62.6 

3.9 

48.0 

17.8 

45.0 



142.4 
64.2 
20.8 
55.3 
18.0 

50.8 



1,974.8 

164.4 
7.5 



1,818.1 

135.1 
4.6 



1,832.8 

182.1 
5.8 



1,758.5 

430.3 

4.8 



156.9 

7.5 

37.7 

19.8 

221.9 
2,196.7 



130.5 

5.3 

8.3 

12.4 



176.3 

5.2 

7.3 

11.5 



425.6 

5.0 

10.4 

10.6 



156.5 



200.3 



451.6 



1,974.6 



2,033.1 



2,210.1 



9.7 
101.7 
99.8 
425.9 
859.5 
120.3 
234.4 
168.6 
176.8 



10.5 

95.9 

96.6 

387.0 

757.3 

97.1 

196.6 

161.1 

172.5 



10.7 
96.9 
104.4 
428.8 
759.5 
96.1 
201.1 
157.1 
178.5 



12.0 
109.6 
115.4 
601.9 
809.6 

77.6 
156.8 
138.1 
189.0 



2,196.7 



1,974.6 



2,033.1 



2,210.1 



t Newfoundland did not join Canada until after the period under 
review. 

(1) For purposes of comparability certain liability items shown on Provincial 
Balance Sheets, such as reserves and trust and special deposits covered by 
designated ass-ts, have been excluded. The analysis in general conforms 
with that used in Comparative Statistics of Public Finance, Dom.-Prov. 
Conference. 

(2) Bonds, debentures and stock, including debenture debt assumed. 



(3) Decrease from previous year largely due to the adjustment of indebte , 
ness of the four western provinces in respect of relief loans, etc., and 
final settlement of claims of Alberta and Saskatchewan regarding natui 
resources. 

(4) Alberta figures for years 1937-1946 inclusive, include a liability ( 
unpaid interest on bonds, debentures and savings certificates which, 1 
the years 1937-1945. is based on the assumption that the net amount 
back interest provided for under the Debt Refunding Plan was accum 
lated evenly over the period. The 1945 figure includes 10.8, being t 



OCTOBER 1949 



174 



S : OUTSTANDING DEBT " 

and Dominion - Provincial Conference 



Millions of Dollars 



Fiscal year-end nearest to Dor. 31si 


1926 


1930 


1933 


1937 


1940 


1945 


1946 


1947 


1948 

• 


FUNDED DKBT (Less Sinking Funds) 


1.4 
32.9 
32.8 
73.4 
272.9 
62.9 
55.0 
84.5 
82.8 


1.7 
50.7 
38.6 
74.4 

397.7 
75.5 
80.1 

101.6 
94.0 


3.0 

60.9 

57.0 

111.4 

518.3 

82.4 

105.4 

120.8 

121.3 


4.7 

85.3 

68.5 

232.2 

575.7 

82.6 

111.4 

116.1 

111.7 


6.8 

94.5 

91.9 

361.0 

616.6 

75.3 

107.5 

114.2 

109.9 


7.6 

81.8 

91.3 

340.7 

560.8 

56.9 

91.1 

114.6 

97.2 


8.9 

89.8 

99.0 

323.6 

563.3 

56.3 

91.3 

113.0 

99.9 


9.1 

83.5 

103.9 

311.2 

543.8 

41.6 

96.0 

108.6 

109.3 


12 




107 7 


New Brunswick 


115.9 




351.4 




533.9 




51.1 


Saskatchewan 


98.8 


Alberta 


108.3 


British Columbia 


118.2 


Total 




698.6 


914.3 


1,180.5 


1,388.2 


1,577.7 


1,442.0 


1,445.0 


1,407.0 


1,497.4 






Treasury Bills Held by Govt, of Canada 

Manitoba 


"~ 


- 


10.5 

23.8 

10.5 

6.8 


21.4 
48.3 
26.5 
33.3 


25.2 
74.2 
26.5 
34.7 


24.7 
92.8 
26.2 
34.4 


24.7 
90.7 
26.2 
34.0 


19.3 

44.8 
12.9 
25.0 


18.4 


Saskatchewan 


41.8 


Alberta 


12.5 


British Columbia 


24.3 


Total 




- 


- 


51.6 


129.5 


160.6 


178.1 


175.7 


102.0 3 


97.1 






Treasury Bills Held by Others 

Nova Scotia 


2.5 

6.8 

48.0 

1.8 

.8 

2.2 


1.5 

4.7 

39.0 
8.2 
7.9 
9.9 

20.0 


1.5 

.8 

13.5 

36.6 

18.1 

11.9 

1.0 

5.8 


2.2 

5.9 

9.5 

49.0 

11.9 

17.5 

1.0 

6.3 


2.9 
9.5 

61.0 

11.0 

16.6 

1.7 

6.7 


8.5 

8.5 
7.5 

7.6 


7.2 

8.6 
14.1 

4.9 


1.5 

8.4 

10.3 
10.4 

9.8 




New Brunswick 


3.5 


Quebec 


7.1 






Manitoba 


7.7 


Saskatchewan 


6.3 


Alberta 




British Columbia 


15.7 


Total 




62.1 


91.2 


89.2 


103.3 


109.4 


32.0 


34.8 


40.4 


40.3 






3ther Direct Debt<»> 

Prince Edward Island 


.6 

3.1 

3.9 

11.8 

27.0 

16.8 

1.4 

12.5 

6.0 


1.1 

2.7 

8.0 

10.9 

36.0 

16.7 

4.1 

14.4 

7.2 


1.0 

4.2 

2.1 

15.8 

38.3 

2.3 

7.1 

16.6 

7.3 


1.2 

5.0 

6.0 

11.1 

53.6 

2.6 

12.9 

20.3 

21.3 


2.6 

4.0 

2.2 

16.7 

52.3 

4.9 

9.8 

17.8 

16.8 


2.8 
11.4 

3.4 
18.3 
78.8 

4.7 

3.8 
18.4 
24.4 


1.8 

4.5 

3.4 

28.8 

82.2 

5.0 

4.1 

16.7 

30.7 


2.8 
22.1 

5.9 
32.5 
84.7 

5.2 

4.9 
15.3 
35.6 


2.5 


Nova Scotia 


11.2 


New Brunswick 


8.1 


Quebec 


31.7 


Ontario 


100.1 


Manitoba 


5.1 


Saskatchewan 


5.7 


Alberta (4) 


17.9 


British Columbia 


38.3 






Total 


83.1 


101.1 


94.7 


134.0 


127.1 


166.0 


177.3 


209.1 


220.7 






'OTAL INDIRECT DEBT (Less Sinking Funds) 


.1 
1.2 
6.5 

56.3 
8.7 
1.5 

25.4 
4.8 


.5 

1.1 

19.6 

80.0 

7.3 

6.3 

10.6 

6.0 


.9 
1.6 
29.7 
99.2 
5.2 
5.0 
8.7 
6.7 


.1 

.4 

1.9 

32.8 

127.8 

4.0 

26.0 

8.3 

6.6 


.2 
3.2 

2.8 

38.6 

129.6 

3.9 
26.4 

8.5 

8.7 


.1 
2.7 
1.9 
19.5 
117.7 
2.3 
1.5 
1.9 
8.9 


.1 

2.6 

2.0 

69.1 

114.1 

1.5 

.8 

1.2 

9.0 


.1 

4.1 

4.1 

249.8 

181.0 

1.2 

.7 

1.3 

9.3 

451.6 


.1 


Nova Scotia 


2.5 


New Brunswick 


8.3 


Quebec 00 


263.9 


Ontario 


258.9 


Manitoba 


1.0 


Saskatchewan 


.7 


Alberta 


2.3 


British Columbia 


10.1 






Total 


104.5 


131.4 


157.0 


208.0 


221.9 


156.5 


200.3 


547.9 



portion of interest adjustments deterred under the plan. In 1946, 47 and 
48 the corresponding figures are 8.7. 6.5 and 4.3 respectively. 

) Excluding I'.N.R. bonds guaranteed by provinces. The increase in l u 47 
over l u 46 was due in large part to the guarantee of liydio bonds by Quebec 
and Ontario and to the sehool refinancing plan in Quebec. 

) Govt, of Canada loans under Municipal Improvements Assistance Act. 

) See note (8). 

) Quebec figures of indirect debt exclude 18.6, 24.1 and 25.2 in the years 



I')45, 46 and 47 being commitments on Public Charities Fund payable 
to institutions in equal instalments. Similar grants in other provinces are 
voted annually through current account and not shown as contingent 
liabilities. Also see note (5). 

Includes savings deposits, temporary loans, superannuation and other 
deposits, accrued interest, accounts payable and other liabilities. 
Approximate figures, compiled from information contained in budget 
speeches, preliminary releases and related material. 



175 



Millions of Dollars 



OCTOBER 194t 



X— PROVINCIAL! GOVERNMENTS : CURRENT REVENUE 1 ' 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



Fiscal Year nearest to Calendar Year 



From the Public 

Taxes on Income of Individuals. 

Taxes on Corporation Profits . . . 

Other Corporation Taxes 

Revenue from Public Domain. . . 
Succession Duties 



Liquor Revenue (Net) , 

Tobacco Tax 

Amusement Taxes 



Gasoline Taxes 

Motor Vehicle Licences. 



Taxes on Real Property 

Retail Sales Taxes 

Miscellaneous Taxes. . . , 



(5) 



Licences, Permits and Fees (ex. Motor Vehicles) 



Other Revenue 



Total from the Public. 



From the Government of Canada"' 

Subsidies 

Interim Grants 

Transfers under Tax Agreements'" 

Gasoline Tax Guarantees 

Common School & School Lands Funds. 



Total from Government of Canada' 



Total Current Revenue. 



192G 



1.5 

1.6 

11.9 

21.3 

15.7 

16.4 

4.9 

6.5 
15.9 

9.5 

2.3 

7.8 
2.5 

117.8 



12.5 



2.2 



14.7 



132.5 



Provincial! Distribution* 10 ' 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Ouebcc 



.9 

4.6 

4.1 

29.8 



Ontario 37.9 



Manitoba. . . . 
Saskatchewan. 
Alberta' 12 '. . . . 



10.3 
12.8 
10.7 



British Columbia 21.4 



Total Current Revenue 132.5 173.9 



1930 



2.1 

2.6 

14.0 

18.6 

20.7 

32.6 

4.5 

23.5 
19.7 

6.0 



8.6 
3.2 

157.9 



12.6 
1.6 



1.8 



16.0 



173.9 



1.1 
6.7 
6.4 
43.4 
55.2 
11.2 
13.1 
13.4 
23.4 



1933 



5.2 

3.2 

16.0 

12.8 

12.8 

16.4 

3.2 

26.2 
20.6 

5.5 

2.6 

7.7 
2.4 

134.6 



13.7 
1.6 



1.9 



17.2 



151.8 



1.2 
6.7 
5.0 
31.1 
52.1 
12.3 
11.9 
12.3 
19.2 



1937 



11.8 
8.7 
21.1 
25.4 
36.7 

29.7 

2.8 

38.8 
26.5 

5.5 
1.9 
2.9 

8.6 
2.3 

222.7 



13.7 
8.1 



1.5 



23.3 



246.0 



1.6 
10.5 

7.7 
57.3 
87.0 
15.4 
16.8 
19.1 
30.6 



1940 



16.3 
29.0 
25.3 
29.7 
22.2 

37.1 
2.0 
2.7 

56.6 
29.6 

5.6 

11.8 

2.9 

8.7 
2.3 

281.8 



13.7 
6.1 



1.6 



21.4 



303.2 



1.7 
13.2 
10.0 

(2) 

80.1 
103.0 
17.4 
21.0 
21.3 
35.5 



1945 



.3 

.1 

.8 

40.2 

25.2 

99.7 
5.6 
6.6 

58.1 
31.8 

7.1 

20.8 

5.7 

12.4 
3.6 

318.0 



14.4 

83.3 
3.5 
1.6 



102. S 



420.8 



2.5 
19.0 
14.2 

114.7 
132.6 
22.6 
34.4 
34.7 
46.1 



151.8 246.0 303.2 420.8 493.7 682.9 719.9 717. 



1946 



.2 

.1 

.6 

51.3 

34.1 

123.0 
6.3 
7.6 

73.3 
38.6 

6.6 

25.0 

6.5 

14.1 
9.7 



397.0 



14.3 

80.7 

.1 

1.6 



96.7 



493.7 



3.4 

21.4 

18.5 

148.7 

149.9 

(ID 

22.4 

(iu 
37.6 

36.3 

55.5 



1947 



.1 
61. 5 3 

14.7 3 
55.0 
31. I 4 

124.8 
7.3 

7.8 

111.0 
46.5 

5.7 

30.5 

6.6 

15.0 
17.5 



535.2 



17.3 

128.9 9 

1.6 



147.7 



682.9 



4.4 
32.2 
27.2 
193.3 
222.2 
33.8 
52.4 
47.3 
70.2 



1948 

• 



.1 
85. I 3 
18.6 3 
71.8 
28.2 

123.7 

8.9 

16.1 

123.2 
49.3 

6.2 

48.1 

7.1 

15.2 
15.7 



617.4 



17.0 

83.9 

1.6 



102.5 



719.9 



4.6 
32.6 
28.1 
201.5 
209.4 
34.9 
54.3 
62.6 
91.9 



t Newfoundland joined Canada in 1949 but final estimates for that province 
for the year are not yet available. 

(1) Excludes interest receipts; grants-in-aid for unemployment relief, old 
age pensions, technical education, etc.; refunds from other provinces, 
municipalities, etc.; and institutional revenues from sales of produce and 
services, all of which have been deducted from the corresponding items of 
expenditure. 

(2) Quebec figures for the nine month fiscal period ended March 31, 1941 have 
been adjusted to twelve month period. 

(3) Revenue from those provinces (Ont., Que.) which have not entered into 
postwar tax rental agreements. 

(4) Change from previous year due in large part to rental of succession duties 
field to the ( Sovernmenl of ( anadaby t hose provinces entering postwar tax 
agreements. 

| S) Includes Highway Tax (N'.S.) and Municipal Commissioner's Levy (Man.) . 
lo; Includes fees charged under the Hospital Services Plans in Saskatchewan 
(years 1946-1949) and British Columbia (1949). 



(7) Excludes grants-in-aid. (See note 1). 

(8) Excludes amounts which provinces paid to municipalities under warti 
tax agreements. 

(9) Includes 63.2 holdbacks under wartime tax agreements. 

(10) Totals will differ from the total revenue figures in the Provincial Pu' 
Accounts since for the purpose of comparison a number of adjustmr 
have been made, including the deduction of certain items of revenue ft 
the corresponding expenditure. (See note 1). 

(11) Due to change in fiscal year end, information covers eleven months on 

(12) Alberta revenue figures for the years 1937-1945 inclusive have been 
justed to conform to arrangements with the Government of Canada 
connection with the Debt Refunding Plan. 

ie Approximate figures, compiled from information contained in bud 

speeches, preliminary releases and related material, 
yt ^Compiled from information contained in official estimates adjusted t » 
comparable basis. 



JCTOBER 1949 



176 



X— PROVINCIALt GOVERNMENTS : CURRENT EXPENDITURE ' 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



Millions of Dollars 



1DUCATION. 



Fiscal Year nearest to Calendar Year 



'ublic Welfare (Ex. Relief) 

Old Age Pensions' 2 ' 

Health and Hospital Carc w . 
Other 



Total Public Welfare (ex. Relief). . . . 
1IGHWAYS& Other Aids to Transport. . . . 

•ublic Domain 

agriculture 

administration of justice 

Jeneral Government* 4 ' 

egislation 

IROSS DEBT SERVICE (Ex. Debt Repayment) 15 '. 

Less Interest Revenue Received^ 



et Debt Service 

ubsidiesto Municipalities for 
General Purposes 



THER 

Sub-Total (Ex. Relief) . 

ELIEF* 7 ' 



otal Current Expenditure 

(Ex. Debt Repayment) 



toviNciALf Distribution* 8 ' 

Prince Edward Island 



Nova Scotia. . . . 
New Brunswick. 

Quebec 

Ontario . . . . f . . . 

Manitoba 

Saskatchewan. . . 
Alberta* 12 ' 



British Columbia 

>tal Current Expenditure 



(Ex. Debt Repayment) . 



1926 



25.5 



10.6 
6.5 



17.1 

19.6 

8.9 

4.7 

9.6 

9.4 

2.4 

41.6 

18.4 

23.2 

1.1 
2.4 

123.9 

.1 



124.0 



5.1 
3.9 
26.2 
38.4 
8.8 
11.0 
10.2 
19.6 



124.0 



1930 



33.8 



4.6 
17.9 

7.4 



29.9 
33.4 
14.4 

7.1 
12.8 
11.8 

3.2 
51.9 
22.9 



29.0 

1.1 

3.7 



180.2 
5.0 



185.2 



1.1 
6.7 
6.3 
42.7 
56.5 
12.1 
18.2 
16.0 
25.6 

185.2 



1933 



27.5 

3.3 

18.1 

6.2 

27.6 

17.4 

8.7 

7.0 

11.2 

10.0 

2.3 

73.7 

23.3 



50.4 

.1 
1.2 



163.4 
36.1 



199.5 



1.1 
8.3 
5.8 
43.0 
64.6 
15.3 
22.3 
17.0 
22.1 

199.5 



1937 



33.0 



9.7 
23.8 
11.1 



44.6 
26.2 
14.3 

6.9 
13.6 
13.8 

3.3 
73.8 
21.2 



52.6 

3.0 
3.4 



214.7 
60.5 



275.2 



1.4 
9.9 
7.4 
66.3 
83.2 
16.0 
44.3 
17.8 
28.9 



275.2 



1940 



37.5 



10.5 
28.1 
13.6 



52.2 
31.6 
16.1 

7.8 
14.5 
15.6 

2.2 
84.3 
22.7 



61.6 

3.0 

4.7 



246.8 
18.5 



265.3 



1.6 
11.2 

8.9 

(9) 

69.6 
88.0 
15.4 
22.9 
17.7 
30.0 



265.3 



1945 



71.2 



18.7 
40.0 
20.3 



79.0 
53.7 
22.1 
13.6 
17.2 
19.8 
4.2 
77.0 
23.8 



53.2 

3.3 
4.2 



341.4 
3.8 



345.2 



2.5 
16.8 
12.5 
93.4 
120.9 
15.5 
27.3 
22.1 
34.2 



345.2 



1946 



19.7 
50.6 
22.3 



92.6 
65.4 
28.5 
15.1 
19.6 
22.9 
2.5 
74.2 
22.6 



51.6 

3.3 
4.6 



394.2 
4.9 



399.1 



2.8 

17.7 

15.2 

112.0 

135.2 
(ii) 

15.6 
(in 

31.8 

27.0 
41.8 



399.1 



1947 



105.2 



23.5 
68.1 
25.6 



117.2 
95.8 
35.1 
18.7 
23.7 
28.9 
3.3 
73.0 
23.2 



49.8 

4.3 

7.8 

489.8 
6.4 



496.2 



3.7 
21.2 
18.6 
127.8 
166.9 
22.5 
45.7 
31.7 
58.1 



496.2 



1948 

• 



126.8 



30.6 
90.2 
32.4 



153.1 
107.7 
42.2 
21.3 
27.9 
36.2 
5.2 
73.5 
22.0 



51.5 

J0.7 
14.6 



597.2 
7.4 



604.6 



3.5 
25.9 
23.7 
156.4 
200.5 
27.8 
48.2 
37.9 
80.7 



604.6 



1949 
•• 



136.5 



35.4 

107.7 

38.0 



181.0 
98.4 
44.2 
23.0 
33.5 
40.3 
3.3 
74.7 
22.4 



52.3 

9.5 
17.6 



639.6 
10.3 



649.9 



4.2 

30.6 

25.5 

149.9 

(10) 

215.4 
28.8 
50.8 
45.2 
99.4 



649.9 



Newfoundland joined Canada in 1949 but final estimates for that province 

for the year are not yet available. 
1 Includes some items which provinces place in capital account, such as 

rural hydro bonus, grants for construction of schools and hospitals not 

provincially owned, and direct relief expenditures. Also for the purpose 

Ol comparison, certain items of revenue have been deducted from the 

corresponding expenditure. (See footnote (1) under "Revenue"). 

Excludes pensions for the blind. 
( Includes payments to hospitals under the Hospital Services Plans in 

Saskatchewan and British Columbia (see also Note (6) under "Revenue"). 
I Composed largely of expenditures of general administrative departments. 

Administration cost of each function of government shown in this table 

has been charged to that function. 
I Includes an amount for unpaid interest in Alberta for the years 1937-1947 

inclusive. For the years 1937-1945 this is based on cash payments for 



interest adjustments, less offsetting reimbursements, made under the Debt 
Refunding Plan, spread evenly over the default period. Figures for the 
years 1946, 47, 48 and 49 (est.) include the payments on the interest 
adjustments deferred in accordance with the plan. 

(6) Includes sinking fund earnings. 

(7) Includes relief expenditures whether or not capitalized. 

(8) Totals will differ from the total expenditure figures given in the Provincial 
Public Accounts since for the purpose of comparison a number of adjust- 
ments have been made including the deduction of certain revenue items. 
(See Note (1)). 

(9) See footnote (2) page 175. 

( 10) Includes 15.8 which the province includes in capital account (see Note (1)). 

(11) See footnote (11) page 175. 

(12) See footnote (5). 

•k ** See notes on page 175. 



177 



Millons of Dollars 



OCTOBER 194C 



XI— GROSS NATIONAL EXPENDITURE 

Dominion of Bureau Stalislics 





<1)<2) 

Exports 

of 

Goods and 

Services 


Private I 


-JVESTMENT 


Govt. Expenditure 


Personal 

Expenditure 

on Goods 

and 
Services 


Total 

of 

Foregoing 


(2) 

Cost of 
Imports 
of Goods 

and 
Services 


Residual 

Error of 

Estimate or 

Omissions 


Gross 


Calendar 
Years 


Plant, 
Equipment 
and Housing 


(3) 

Inventories 


Mutual Aid, 

and 

Foreign 

Relief 


Other 


National 

Expenditure 

at Market 

Prices 


1926 


1,650 


681 


154 


— 


523 


3,654 


6,662 


1,522 


56 


5,196 


1927 


1,618 


774 


166 


- 


567 


3,885 


7,010 


1,629 


66 


5,447 


1928 


1,773 


940 


206 


- 


589 


4,196 


7,704 


1,808 


89 


5,985 


1929 


1,632 


1,107 


10 


- 


686 


4,383 


7,818 


1,945 


83 


5,956 


1930 


1,286 


916 


177 


- 


765 


4,091 


6,881 


1,625 


92 


5,348 


1931 


967 


610 


237 


- 


735 


3,594 


5,669 


1,142 


47 


4,480 


1932 


804 


322 


166 


- 


640 


3,066 


4,666 


901 


47 


3,718 


1933 


826 


221 


105 


- 


521 


2,848 


4,311 


828 


15 


3,468 


1934 


1,018 


296 


49 


- 


572 


3,030 


4,965 


948 


55 


3,962 


1935 


1,143 


360 


49 


- 


611 


3,209 


5,372 


1,017 


70 


4,285 


1936 


1,428 


446 


45 


- 


594 


3,420 


5,843 


1,183 


16 


4,644 


1937 


1,591 


633 


74 


- 


650 


3,733 


6,681 


1,409 


7 


5,279 


1938 


1,356 


576 


6 


- 


695 


3,770 


6,403 


1,257 


19 


5,165 


1939 


1,451 


554 


327 


- 


724 


3,861 


6,917 


1,328 


9 


5,598 


1940 


1,805 


713 


371 


- 


1,156 


4,379 


8,424 


1,626 


26 


6,772 


1941 


2,458 


995 


217 


- 


1,750 


5,014 


10,434 


1,967 


33 


8,434 


1942 


2,322 


931 


335 


1,002 


2,815 


5,565 


12,970 


2,275 


171 


10,524 


1943 


3,403 


828 


40 


518 


3,753 


5,869 


14,331 


2,858 


175 


11,298 


1944 


3,566 


756 


82 


960 


4,115 


6,330 


15,645 


3,539 


209 


11,897 


1945 


3,580 


882 


300 


858 


2,852 


6,999 


14,871 


2,893 


219 


11,759 


1946 


3,203 


1,362 


467 


97 


1,751 


7,952 


14,832 


2,871 


25 


11,936 


1947 


3,629 


2,057 


879 


38 


1,513 


9,126 


17,242 


3,612 


39 


13,591 


1948* 


4,037 


2,576 


646 


19 


1,749 


10,083 


19,110 


3,618 


42 


15,450 








GR( 


)SS NAT 


IONAL 


PRODUC 


:t 








Millons of Dol 


lars 






Dominion 


Bureau of Statistics 












Wages and 
Other 
Labour 
Income 


Military 

Pay and 

Allowances 


(4) 
Investment 
Income 


Net In 
Individual 


:ome OF 
Enterprises 


Net 

National 

Income 

at Factor 

Cost 


Indirect 

Taxes 

Less 

Subsidies 


(5) 

Depreciation 

and 

Similar 

Business 

Costs 


Residual 
Error of 
Estimate 

or 
Omissions 


Gross 

National 

Product 

at Market 

Prices 


C^ a. lend a. r 
Years 


Agricul- 
ture 


Other Un- 
incorporated 
Business 


1926 


2,299 


7 


602 


691 


479 


4,078 


612 


561 


55 


5,196 


1927 


2,465 


7 


663 


640 


516 


4,291 


629 


593 


66 


5,447 


1928 


2,658 


7 


839 


693 


553 


4,750 


677 


647 


89 


5,985 


1929 


2,839 


8 


814 


443 


585 


4,689 


674 


677 


84 


5,956 


1930 


2,750 


8 


592 


359 


481 


4,190 


594 


656 


92 


5,348 


1931 


2,386 


8 


327 


146 


394 


3,261 


585 


587 


47 


4,480 


1932 


1,971 


8 


201 


108 


294 


2,582 


566 


522 


48 


3,718 


1933 


1,791 


8 


233 


98 


257 


2,387 


566 


500 


15 


3,468 


1934 


1,969 


8 


379 


190 


274 


2,820 


585 


502 


55 


3,962 


1935 


2,093 


9 


451 


238 


326 


3,117 


596 


502 


70 


4,285 


1936 


2,221 


9 


565 


273 


378 


3,446 


656 


526 


16 


4,644 


1937 


2,494 


9 


758 


326 


430 


4,017 


713 


557 


8 


5,279 


1938 


2,506 


9 


681 


371 


419 


3,986 


637 


560 


18 


5,165 


1939 


2,583 


32 


783 


461 


430 


4,289 


737 


582 


10 


5,598 


1940 


2,944 


193 


1,127 


508 


483 


5,255 


837 


655 


25 


6,772 


1941 


3,586 


386 


1,487 


548 


587 


6,594 


1,056 


751 


33 


8,434 


1942 


4,251 


641 


1 ,737 


1,089 


664 


8,382 


1,087 


883 


172 


10,524 


1943 


4,746 


910 


1,778 


969 


690 


9,093 


1,117 


912 


176 


11,298 


1944 


4,908 


1,068 


1,774 


1,213 


749 


9,712 


1,113 


863 


209 


11,897 


1945 


4,915 


1,117 


1 ,905 


959 


851 


9,747 


1,007 


785 


220 


11,759 


1946 


5,322 


340 


1 ,97S 


1,130 


1,026 


9,796 


1,269 


846 


25 


11,936 


1947 


6,212 


83 


2,307 


1,210 


1,126 


10,938 


1,604 


1,009 


40 


13,591 


1948* 


7,113 


82 


2,473 


1,660 


1,260 


12,588 


1,735 


1,085 


42 


15,450 



(1) Excludes exports financed by Government of Canada expenditure on Mutual Aid and foreign relief. 

(2) Minor adjustments have been made (by D.B.S.) to the figures of current receipts and payments as shown in the "Canadian Balance of Internatiom 
Payments" to achieve consistency with other component series. 

(3) Includes grain held by the Canadian Wheat Board. 

(4) Includes corporation profits before taxes have been deducted. 

(5) Includes an estimate of capital outlay charged to current account and also the claim portion of fire insurance premiums. 
* Revised preliminary. 



OCTOBER 1949 



178 



XII— PERSONAL INCOME AND DISPOSITION OF PERSONAL INCOME 

Millions of Dollars Dominion Bureau of Statistics 





Interest, (I) 
Dividends 


All Othertf) 


Social 

Insurance 

Con- 


Transfer(l) 


Total 


Personal(3) 




Personal 

Expenditure 


Personal Savings 


Percentage 








of 


Calendar 


and Net 


Personal 


tributions 


Payments 


Personal 


Direct 


Disposable 


on Consumer 




Total 




Years 


Rental 
Income 


Earnings 


and Govt. 
Pension 
Funds 


from Govt, 
to Persons 


Income 


Taxes 


Income 


Goods 

and 

Services 


In Farm 
Inventories 


(Incl. Farm 
Inventories) 


Income 
Saved 


1926 


486 


3,476 


16 


77 


4,023 


54 


3,969 


3,654 


66 


315 


7.9 


1927 


508 


3,628 


18 


84 


4,202 


61 


4,141 


3,885 


51 


256 


6.2 


1928 


564 


3,911 


20 


92 


4,547 


60 


4,487 


4,196 


5 


291 


6.5 


1929 


584 


3,875 


25 


98 


4,532 


68 


4,464 


4,383 


144 


81 


1.8 


1930 


595 


3,598 


26 


121 


4,288 


71 


4,217 


4,091 


66 


126 


3.0 


1931 


559 


2,934 


23 


165 


3,635 


63 


3,572 


3,594 


1 


22 


.6 


1932 


460 


2,381 


21 


170 


2,990 


63 


2,927 


3,066 


20 


139 


4.7 


1933 


428 


2,154 


20 


196 


2,758 


67 


2,691 


2,848 


29 


157 


5.8 


1934 


416 


2,441 


21 


230 


3,066 


63 


3,003 


3,030 


12 


27 


.9 


1935 


437 


2,666 


22 


241 


3,322 


80 


3,242 


3,209 


13 


33 


1.0 


1936 


435 


2,881 


25 


248 


3,539 


93 


3,446 


3,420 


45 


26 


.8 


1937 


489 


3,259 


29 


281 


4,000 


112 


3,888 


3,733 


22 


155 


4.0 


1938 


525 


3,305 


32 


262 


4,060 


112 


3,948 


3,770 


36 


178 


4.5 


1939 


570 


3,506 


34 


249 


4,291 


110 


4,181 


3,861 


60 


320 


7.7 


1940 


611 


4,128 


37 


224 


4,926 


136 


4,790 


4,379 


80 


411 


8.6 


1941 


637 


5,107 


68 


197 


5,873 


290 


5,583 


5,014 


58 


569 


10.2 


1942 


715 


6,645 


110 


226 


7,476 


494 


6,982 


5,565 


368 


1,417 


20.3 


1943 


757 


7,315 


124 


216 


8,164 


697 


7,467 


5,869 


62 


1,598 


21.4 


1944 


806 


7,938 


132 


263 


8,875 


837 


8,038 


6,330 


124 


1,708 


21.2 


1945 


848 


7,842 


135 


552 


9,107 


805 


8,302 


. 6,999 


238 


1,303 


15.7 


1946 


890 


7,818 


149 


1,111 


9,670 


797 


8,873 


7,952 


41 


921 


10.4 


1947 


1,047 


8,631 


181 


848 


10,345 


791 


9,554 


9,126 


111 


428 


4.5 


1948* 


1,145 


10,115 


220 


843 


11,883 


813 


11,070 


10,083 


65 


987 


8.9 



(1) Interest on government debt not incurred to finance existing real assets is included with other interest and is excluded from transfer payments. Includes 
charitable donations from corporations. 

(2) Salaries, wages and supplementary labour income, net income of agriculture and other unincorporated business and military pay and allowances, as shown 
on facing page. 

(3) Includes succession duties. * Revised preliminary. 



$mm- 



PERSONAL INCOME AND 
EXPENDITURE 



DISTRIBUTION OF PERSONAL 

EXPENDITURE $mm . 



10000 



8000 



6000 



4000 




1938 39 40 41 42 43 44 45 46 47 

(1) Total personal income minus direct personal taxes. 




(1) Food, tobacco, alcoholic beverages, drugs, soap, fuels, etc. 

(2) Clothing, house furnishings and automobile accessories. 

(3) Automobiles, furniture, household appliances and hardware, and 
jewellery. 



179 


















OCTOBER 1941 




XIII— PERSONAL INCOME 


: PROVINCIAL DISTRIBUTION 






Millions of Dollars 






Dominion L 


ureau of Statistics 










Calendar 
Years 


P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alta. 


B.C.o 


Canada 


1926 


20 


133 


103 


916 


1 ,536 


2S6 


395 


296 


338 


4,023 


1927 


21 


143 


105 


965 


1 ,630 


292 


380 


309 


357 


4,202 


1928 


21 


159 


109 


1 ,033 


1,751 


304 


424 


363 


383 


4,547 


1929 


21 


163 


116 


1,086 


1,811 


300 


323 


312 


400 


4,532 


1930 


22 


166 


117 


1,070 


1,770 


278 


223 


257 


385 


4,288 


1931 


16 


146 


101 


923 


1,549 


234 


147 


200 


319 


3,635 


1932 


14 


121 


82 


756 


1,262 


193 


127 


176 


259 


2,990 


1933 


12 


114 


79 


698 


1,167 


177 


117 


155 


239 


2,758 


1934 


14 


126 


85 


752 


1,310 


194 


136 


187 


262 


3,066 


1935 


15 


137 


89 


802 


1,428 


208 


172 


183 


288 


3,322 


1936 


16 


146 


98 


875 


1,488 


220 


185 


198 


313 


3,539 


1937 


18 


170 


110 


1,015 


1,668 


272 


135 


251 


361 


4,000 


1938 


18 


157 


103 


1,027 


1,678 


242 


192 


273 


370 


4,060 


1939 


21 


161 


109 


1,072 


1,746 


253 


280 


272 


377 


4,291 


1940 


21 


191 


127 


1,218 


2,042 


289 


296 


317 


425 


4,926 


1941 


24 


230 


149 


1,467 


2,510 


343 


299 


342 


509 


5,873 


1942 


30 


284 


184 


1,775 


3,031 


435 


565 


521 


651 


7,476 


1943 


36 


337 


213 


2,014 


3,369 


472 


476 


486 


761 


8,164 


1944 


37 


364 


227 


2,108 


3,586 


510 


672 


587 


784 


8,875 


1945 


43 


386 


253 


2,218 


3,756 


522 


537 


554 


838 


9,107 


1946 


47 


407 


279 


2,395 


3,794 


585 


602 


667 


894 


9,670 


1947 


44 


384 


288 


2,601 


4,067 


600 


646 


694 


1,021 


10,345 


1948* 


51 


433 


320 


2,972 


4,619 


716 


796 


844 


1,132 


11,883 



(1) Includes Yukon and North West Territories. 



* Preliminary estimate. 



PERSONAL INCOME : PROVINCIAL DISTRIBUTION 



Smm. 



4000 



3000 



2000 



L 



tmm- 




4000 
3000 

1000 
750 





uc 

1 Vn 


500 


•>0 

Dk 


400 


Fet 
Ma 


300 






J rat 



200 , 



1926 27 28 29 30 31 32 33 34 35 36 37 36 39 40 41 42 43 44 45 46 47 4& 



OCTOBER 1949 



Millions of Dollars 



180 



XIV— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada" , Dominion Bureau of Statistics 
MERCHANDISE EXPORTS* 



i(D* 



Calendar Years 

1946 
1947 
1948 

12-Mths. ending 

Sept. 1949 

Monthly 

948- June 
July 

Aug. 

Sept. 
Oct. 

Nov. 
Dec. 
949- J an. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept."" 



TOTAL EXPORTS (EXCLUDING GOLD) TO 



U.S.A. 



U.K. 



901 


632 


1,057 


755 


1,516 


719 


1 ,498 


704 


111.3 


56.7 


120.9 


54.9 


115.7 


51.6 


164.2 


50.9 


148.3 


61.3 


161.4 


58.6 


149.4 


50.0 


117.7 


57.0 


108.1 


47.6 


123.4 


44.6 


113.0 


58.4 


122.9 


74.3 


114.1 


61.1 


105.4 


67.1 


117.0 


65.6 


116.7 


58.3 



U.K. 
Dependen- 
cies 



82 

123 

94 

SO 

8.1 
7.4 
7.1 
7.4 
8.5 
6.6 
8.3 
6.6 
4.5 
7.2 
5.7 
8.1 
6.3 
5.3 
6.5 
6.2 



Union 

of 
South 
Africa 



68 
67 
83 

87 

7.0 
6.6 
8.7 
8.2 
8.6 
10.5 
6.1 
4.3 
2.8 
4.9 
6.5 
11.0 
11.8 
9.4 
6.8 
3.7 



Other 

British 

Countries 

(3) 



111 

169 
115 

163 

10.8 

8.0 

6.6 

6.1 

7.6 

14.5 

26.2 

14.1 

11.8 

13.6 

13.1 

13.0 

15.2 

14.7 

8.4 

10.6 



Western 

Europe & 

Colonies 

(4) 



304 
310 
307 

293 

22.9 
32.2 
18.4 
26.7 
38.7 
20.2 
37.6 
21.8 
15.7 
12.1 
22.3 
27.4 
31.0 
26.5 
20.6 
19.3 



Central 

and 

South 

America 



97 
134 

127 

136 

11.2 

11.4 

7.0 

11.2 

11.4 

9.0 

16.8 

8.2 

9.0 

10.0 

10.5 

13.2 

14.5 

9.2 

15.1 

9.5 



All 

Other 

(S) 



183 

180 
163 

124 

9.9 

10.2 

10.7 

15.5 

15.2 

15.2 

23.2 

10.9 

9.3 

10.0 

6.5 

5.4 

6.4 

5.4 

7.1 

9.3 



tillions of Dollars 



MERCHANDISE IMPORTS 



(2)* 



Calendar Years 

1946 
1947 
1948 

2-Mths. ending 

Aug. 1949 

Monthly 

)48-June 
July 

Aug. 

Sept. 
Oct. 
Nov. 
Dec. 

)49-Jan. 
Feb. 
Mar. 
Apr. 

May 
June 
July 

Aug. <6) 



TOTAL IMPORTS (EXCLUDING GOLD) FROM 



U.S.A. 



1,405 
1,975 
1,806 

1,948 

154.9 
149.5 
136.1 

152.7 
160.2 
163.5 
159.4 

164.8 
148.8 
169.0 
177.3 

172.1 
176.9 
160.3 
143.6 



U. K. 
(2) 



139 
186 
299 

324 

26.0 
29.3 
24.6 

24.0 
29.2 
28.2 
24.6 

25.3 
22.9 
28.3 
30.1 

29.5 
26.9 
29.3 



U.K. 
Dependen- 
cies 



58 

72 

105 

109 

10.6 
10.5 
11.2 

9.4 

13.8 

8.0 

6.9 

5.1 
7.6 
7.6 
7.7 

11.6 

11.0 

9.8 

10.2 



Union 

of 
South 
Africa 



Other 

British 

Countries 

(3) 



65 
81 
86 

82 

10.9 
5.5 
5.8 

7.0 
7.5 
9.1 
7.9 

5.6 
4.0 
7.1 
6.1 

8.2 
7.8 
5.3 
6.3 



Western 
Europe & 
Colonies 

(4) 



40 
64 

77 

91 

5.9 
5.1 
5.0 

7.0 
8.5 

7.7 
12.8 

6.3 
5.5 
7.2 
7.2 

7.7 

8.4 
6.4 
6.3 



Central 

and 

South 

America 



126 
159 
223 

192 

20.4 
21.8 
20.4 

18.6 
20.5 
16.7 
17.0 

14.3 
13.7 
14.0 
11.7 

17.0 

16.0 
16.8 
15.3 



All 

Other 

(5) 



24 
29 
37 

36 

3.9 

3.2 
2.9 

2.6 
3.4 
4.0 
3.1 

2.1 
3.2 

2.1 
2.1 

4.0 
3.0 
2.8 
3.9 



Total 

All 

Countries 



2,379 
2,796 
3,124 

3,084 

237.9 
251.6 
225.7 
290.2 
299.6 
295.9 
317.6 
240.5 
208.8 
225.8 
235.9 
275.5 
260.5 
243.0 
247.2 
233.8 



Total 

All 

Countries 



1,864 
2,570 
2,636 

2,786 



233.0 
225.1 
206.4 

221.6 
243.4 
238.1 
231.9 

223 
206 
235 
242 



250.5 
250.5 
230.8 
211.4 



Net 
Non- 
Monetary 
Gold 
Exports 



96 

99 

119 

129 

9.6 

10.8 
9.7 

11.9 
9.6 
9.1 

12.9 
9.7 
9.6 

12.1 
9.8 

12.4 
9.8 
9.4 

13.8 

11.2 



Excess of 
Merch- 
andise 
Exports 

over 
Merch- 
andise 
Imports 



514 
225 

488 

354 

4.9 
26.6 
19.3 

68.6 
56.2 
57.8 
85.6 

16.7 
2.9 

10.1 
6.7 

25.0 
10.1 
12.2 
35.8 



Commencing April 1, 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 
Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the item 
"Canadian Goods Returned" (9195) are excluded. 

(3) Consists of Eire, India, Pakistan, Burma, Australia, New- Zealand, Iceland, 
Ceylon and Iraq. Egypt is included in All Other. 

(4) Excludes Spain, but includes Greece. Turkey, and British Sudan. 

(5) Includes Egvpt. Spain. Palestine, and also Newfoundland until March 31, 
1949. 

(6) Preliminary. 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 



Charts 



Pages 






I Bank of Canada: ; 

Liabilities and Assets 181 - 182 

Chartered Banks: Public Demand and Notice Deposits in Canada . 181 

Chartered Banks: Current Loans to the Public in Canada . . 182 
II Chartered Banks: 

Liabilities and Assets 183 - 184 

III Money Supply and Related Bank Assets 183 - 184 

IV Chartered Banks: 

Annual Classification of Demand and Notice Deposits 185 

Annual Classification of Loans in Canada . . . • . . . . 185 
V Security Prices: 

Government Securities Payable in Canada only 186 

Government Securities: Canada, U.K. and U.S. A 186 

VI Corporate Financial Statistics: 

Total 663 Companies: Profits Before Tax 187 

45 Food Products Companies 188 

15 Beverage Companies 189 

26 Primary Textile Companies 190 

23 Pulp and Paper Products Companies 191 

49 Iron, Steel and Products Companies 192 

49 Machinery Companies (excl. Electrical) 193 

27 Electrical Machinery and Equipment Companies 194 

38 Gold Mining Companies 195 

18 Non-Ferrous Metal Companies 196 

11 Petroleum Companies 197 

30 Chemical Companies 198 

64 Wholesale Trade and Service Companies 199 

32 Retail Trade and Service Companies 200 

22 Electrical Utility Companies 201 

VII Business Activity 202 

Industrial Employment 202 

VIII Wholesale Prices 203 

IX Cost of Living 203 

X Exports and Imports by Countries 204 

XI Merchandise Exports: Commodity Classifications 205 - 206 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



NOVEMBER 1949 



^ 



181 



Millions of Dollars 



NOVEMBER 1949 

I— BAI 











LIABILITIES 










Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits' 1 ' 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tot; 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liabili t 
or 

Asse 


Average of 




















Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2914 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


37.'3 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,48 S 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,847 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,89 t 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,918 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,971 


End of 

1948— May 


170.2 


547.3 


717.5 


135.9 


95.8 


.5 


1,025.5 


31.5 


2,00 : 


June 


157.2 


517.0 


674.2 


138.4 


107.2 


.2 


1,049.3 


31.5 


2,00 I 


July 


158.1 


502.5 


660.6 


119.0 


84.1 


.1 


1,062.2 


32.1 


1,95 ( 


Aug. 


176.0 


525.1 


701.1 


105.1 


90.3 


.1 


1,050.9 


36.1 


1,98 ( 


Sept. 


172.2 


550.9 


723.1 


87.3 


78.2 


.2 


1,095.5 


44.6 


2,02 


Oct. 


160.4 


581.0 


741.4 


110.0 


72.2 


1.0 


1,114.7 


40.3 


2,07 ( 


1949— May 


193.5 


571.2 


764.7 


101.4 


65.2 


61.4 


1,070.3 


35.2 


2,0s.: 

2,12.1 


June 


154.9 


568.3 


723.2 


112.2 


73.7 


67.7 


1,115.1 


44.1 


July 


172.8 


566.9 


739.7 


94.3 


73.8 


57.9 


1,098.2 


32.7 


2,0JJ 


Aug. 


198.7 


578.0 


776.7 


109.7 


61.8 


60.7 


1,071.0 


38.5 


2,11.. 


Sept. 


166.0 


611.5 


777.5 


141.0 


64.1 


65.6 


1,124.7 


44.2 


2,21. 


Oct. 


192.8 


626.0 


818.8 


66.1 


77.4 


70.4 


1,100.7 


58.4 


2,... 



(1) Includes foreign exchange items for account of foreign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. irMay 1SI< 
these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working balances, were sold to the ! 



CHARTERED BANKS : PUBLIC DEMAND AND NOTICE DEPOSITS IN CANADA 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS »U0' 



8000 



6000 



4000 



2000 




8000 



6000 



4000 



2000 



OCT. 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


SEPT 


SEPT. 


SEPT 


1935 


36 


37 


36 


39 


40 


41 


42 


43 


44 


45 


46 


47 


46 


1949 



NOVEMBER 1949 














182 


H CANADA 














Millions of Dollars 








ASSETS 












Foreign'" 
Currencies 






Securities 








All 




1 Gold 


Silver 


Govt, of Canada 
and Provincial 


Ind. Dev. 

Bank 
Cap. Stock 


Other 
Securities 


Total 


Advances 


Other 
Accounts 






Under 2 yrs. 


Over 2 yrs. 
























Average of 
Month-end Figures 


151.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


182.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


>10.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


• 




• 


• 


• 






• 








I ~~ 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


- 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


- 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


- 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 




- 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 


1 - 


- 


.6 


1,179.7 


775.0 


25.0 


- 


1,979.7 


- 


26.5 


May— 1948 


— 


- 


.3 


1,152.9 


790.9 


25.0 


- 


1,968.8 


- 


31.7 


June 


- 


- 


.2 


1,145.2 


773.6 


25.0 


- 


1,943.7 


- 


14.1 


July 


- 


- 


.2 


1,155.2 


778.1 


25.0 


- 


1,958.3 


- 


25.1 


Aug. 


,: 


- 


.3 


1,216.3 


757.2 


25.0 


- 


1,998.5 


- 


30.2 


Sept. 


- 


1.1 


1,279.6 


741.3 


25.0 


- 


2,045.9 


- 


32.6 


Oct. 


j _ 


_ 


56.5 


1,148.1 


836.2 


25.0 


5.0 


2,014.3 


_ 


27.4 


May— 1949 


— 


- 


62.8 


1,379.6 


636.8 


25.0 


5.0 


2,046.4 


- 


26.8 


June 


- 


- 


52.9 


1,499.2 


499.5 


25.0 


5.0 


2,028.7 


- 


15.0 


July 


1 - 


- 


55.8 


1,557.2 


441.2 


25.0 


5.0 


2,028.5 


- 


34.1 


Aug. 


! - 


- 


60.1 


1,616.7 


421.2 


25.0 


5.5 


2,068.5 


- 


88.5 


Sept. 


' - 


— 


64.9 


1,710.6 


335.9 


25.0 


5.5 


2,077.0 


— 


49.7 


Oct. 


i iucnt figures give effect 


to the enacti 


nent. under t 


ie War Measi 


ires Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under 


nge Cont 


rol Board. Sir 


ice that date t 


he Bank's mir 


imum gold re. 


>erve requirem 


ent has been suspended. 









CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA 



MILLIONS Or DOLLARS 

2500 



2000 — 



MILLIONS Or DOLLARS 



2500 



2000 



1500 




OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


SEPT 


SEPT 


SEPT 


1935 


36 


37 


38 


39 


40 


41 


42 


43 


44 


45 


46 


47 


48 


1949 



183 



NOVEMBER 1949 



IK 



Millions of Dollars 



II— CHARD B 

Ban\&.'. 





LIABILITIES 


iSI 




Notes 


Deposits 


Cash 

in (3) 




Securities 












Govt, of 


Canadian 




Total 


Govt, of Canada 


Foreign 
Govt. 








Demand 


Notice 


Canada 


Deposits 


Foreign 


Deposits 




and Provincial 


otii 










and Prov. 


<i) 




(2) 




Under2yrs. 


Over 2 yrs. 




Average of 


























Month-end figures 


























1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 i% 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


21 ].'? 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


2; . 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290. 


4: 


1948 

End of 

1948-May 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


5- : 


17 


2,182 


3,955 


"319 


6,522 


827 


7,457 


717 


829 


2,425 


266 


fr| Jfi 


June 


17 


2,214 


3,936 


379 


6,591 


838 


7,534 


674 


952 


2,382 


266 


5 


July 


17 


2,112 


3,959 


375 


6,497 


831 


7,431 


661 


929 


2,408 


270 


5- 


Aug. 


17 


2,215 


4,003 


391 


6,653 


841 


7,606 


701 


967 


2,430 


264 


54 J» 


Sept. 


17 


2,360 


4,049 


368 


6,830 


823 


7,752 


723 


952 


2,430 


256 


5 


Oct. 


17 


2,341 


4,040 


417 


6,842 


804 


7,745 


741 


894 


2,466 


246 


" 


K 


1949-May 


15 


2,284 


4,339 


508 


7,233 


724 


8,049 


765 


853 


2,686 


235 


5 


112 


June 


15 


2,319 


4,330 


534 


7,287 


722 


8,112 


723 


1,079 


2,513 


240 


5 




July 


15 


2,188 


4,341 


601 


7,221 


709 


8,022 


740 


1,123 


2,544 


238 


5 




Aug. 


14 


2,315 


4,372 


611 


7,393 


703 


8,188 


777 


1,271 


2,468 


237 


5J 


ft 


Sept. 


14 


2,504 


4,411 


558 


7,573 


770 


8,447 


778 


1,172 


2,503 


238 


5|> 




Oct. 


14 


2,519 


4,453 


469 


7,541 


748 


8,395 


818 


997 


2,530 


247 


5;! 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. (3) Until March 1935: Gold and Coin i 

estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. (5) Bank of Canada notes in public circu jit-, j ;. . 



Millions of Dollars 



MONEY SUPPLY 



III— MONEY SUPPLY AIited 

Ba 





Currency 


Bank Deposits 






Outside Banks 






Chartered Banks 






Bank of 




Mone 






















Canada 
"Other" 
Deposits 

(7) 


Total 






Notes (1) 


Coin< 2 ' 


Total 


Demand' 3 ' 


Active 
Notice (4) 


Other' 5 ' 
excl. Govt. 
of Canada 


Total 


Deduct 
Floats 


Net 
Total 


Suppl 


As at Dec. 31 


























1938 


207 


31 


238 


734 


187 


42 


963 


116 


847 


3 


850 


1,08 


1940 


341 


38 


379 


1,031 


203 


112 


1,346 


172 


1,174 


10 


1,184 


1,56 


1944 


930 


60 


990 


1,862 


363 


153 


2,378 


243 


2,135 


28 


2,163 


3,15 


1945 


992 


63 


1,055 


2,063 


474 


172 


2,709 


280 


2,429 


30 


2,459 


3,51 


1946 


1,031 


65 


1,096 


2,291 


614 


229 


3,134 


328 


2,806 


94 


2,900 


3,99 


1947 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,94 


1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


•3,069 


81 


3,150 


4,33 


1948-May 


1,043 


67 


1,110 


2,182 


630 


269 


3,081 


317 


2,764 


96 


2,860 


3,97 


June 


1,067 


67 


1,134 


2,214 


628 


286 


3,128 


339 


2,789 


107 


2,896 


4,03 


July 


1,079 


68 


1,147 


2,112 


628 


270 


3,010 


239 


2,771 


84 


2,855 


4,00 


Aug. 


1,068 


67 


1,135 


2,215 


634 


254 


3,103 


280 


2,823 


90 


2,913 


4,04 


Sept. 


1,112 


68 


1,180 


2,360 


645 


267 


3,272 


377 


2,895 


78 


2,973 


4,15 


Oct. 


1,131 


70 


1,201 


2,341 


647 


239 


3,227 


292 


2,935 


72 


3,007 


4,2C 


1949-May 


1,085 


70 


1,155 


2,284 


671 


315 


3,270 


335 


2,935 


65 


3,000 


4,15 


June 


1,130 


71 


1,201 


2,319 


670 


317 


3,306 


394 


2,912 


74 


2,986 


4,1* 


July 


1,113 


71 


1,184 


2,188 


671 


291 


3,150 


235 


2,915 


74 


2,989 


4,17 


Aug. 


1,085 


70 


1,155 


2,315 


675 


289 


3,279 


308 


2,971 


62 


3,033 


4,1c 


Sept. 


1,139 


72 


1,211 


2,504 


681 


305 


3,490 


396 


3,094 


64 


3,158 


4,36 


Oct. 


1,114 


73 


1,187 


2,519 


683 


325 


3,527 


414 


3,113 


77 


3,190 


4,3< 






Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 
(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada. 

Chartered banks' public demand deposits in Canada. 
Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



(1) 



(3) 
(4) 



(5) 
(6) 
O) 

(8) 



Chartered banks' Canadian dollar deposits of provincial governm 

Canadian, United Kingdom, and foreign banks. 

Cheques on banks as shown in chartered bank month-end return 

the Minister of Finance. 

Bank of Canada Other Deposits as shown on published n 10 " 1 ' 1 

statements — i.e. excluding Government of Canada, chartered b; 

and foreign deposits. 

Bank of Canada gold and foreign exchange holdings less the amoui > 

foreign currency deposit liabilities. 



NOVEMBER 1949 



184 



ELD BANKS 

/ nada 



Millions of Dollars 



ASSETS 



fotal 



499 
696 
,426 

,287 
1,108 
1,120 

.066 
143 
il54 
209 
185 
156 

342 
396 
460 
527 
463 
327 



Loans 



CANADA 



Call 



267 
117 
107 
132 
104 
81 

80 
84 
77 
77 
76 
97 

74 
72 
77 
78 
103 
137 



Current 
Public 



1,343 
1,032 
732 
1,223 
1,693 
1,923 

1,858 
1,867 
1,877 
1,878 
1,931 
2,011 

2,085 
2,085 
2,082 
2,060 
2,184 
2,213 



Current 
Other 



112 

165 

117 

44 

54 

75 

67 
63 
71 
80 
93 
99 

117 
110 
105 
114 
120 
124 



ABROAD 



Call 



301 
84 
68 
87 
76 
74 

74 
80 
71 
77 
70 
71 

78 
94 
90 

84 
97 

77 



Current 



248 
172 
165 
155 
198 
234 

224 
231 
235 
239 
244 
241 

215 

215 
212 
205 
214 
214 



Total 

Assets 



3,528 
2,869 
3,317 
7,430 
7,811 
8,140 

8,033 
8,106 
7,996 
8,182 
8,323 
8,324 

8,604 
8,668 
8,570 
8,734 
8,979 
8,943 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 


Canadian 


Note (5) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


191 


2,293 


83 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


706 


6,444 


11.0 


1,036 


May-1948 


699 


6,427 


10.9 


1,037 


June 


683 


6,557 


10.4 


1,053 


July 


696 


6,546 


10.6 


1,056 


Aug. 


717 


6,582 


10.9 


1,081 


Sept. 


735 


6,805 


10.8 


1,107 


Oct. 


765 


7,090 


10.8 


1,083 


May-1949 


769 


7,138 


10.8 


1,084 


June 


755 


7,255 


10.4 


1,088 


July 


762 


7,256 


10.5 


1,081 


Aug. 


771 


7,312 


10.5 


1,100 


Sept. 


772 


7,442 


10.4 


1,111 


Oct. 



inion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits, 
lartered bank note circulation, the latter being, since September 1944, an approximate figure only. 



(4) Figures given are annual averages of 



It 



WLATED BANK ASSETS 

ida 



RELATED BANK OF CANADA AND CHARTERED BANKS ASSETS 



Millions of Dollars 





Government of Canada Securities. Gold and 


Exchange 


























All other 
Loans 

and 
Invest- 
ments 


Deduct 
Inactive 

Notice 
Deposits 

(U) 


Total 


Bank of< 8 > 
Canada 
Gold and 


Banking' 9 ' 
Securities 


Other Govt. Securities 


Total 


Deduct 

Govt. 

Deposits 


Net 
Total 


Related 


Bonds" ' 


Victory (11) 
Loan 


Total 


Bank 
Assets 


, 


Exchange 






Advances 






(12) 




113) 






isat Dec. 31 

1938 


214 


196 


753 


_ 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


1940 


38 


743 


737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


1944 


- 


2,321 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


1945 


- 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


1946 
1947 
1948 


- 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


148-May 


- 


1,175 


3,591 


- 


3,591 


4,766 


251 


4,515 


3,020 


3,326 


4,209 


June 


- 


1,178 


3,645 


- 


3,645 


4,823 


294 


4,529 


3,036 


3,308 


4,257 


July 


- 


1,138 


3,660 


- 


3,660 


4,798 


276 


4,522 


3,055 


3,331 


4,246 


Aug. 


- 


1,152 


3,709 


- 


3,709 


4,861 


287 


4,574 


3,078 


3,368 


4,284 


Sept. 


- 


1,142 


3,747 


- 


3,747 


4,889 


241 


4,648 


3,138 


3,403 


4,383 


Oct. 


- 


1,125 


3,801 


- 


3,801 


4,926 


331 


4,595 


3,236 


3,393 


4,438 


49-May 


- 


1,030 


4,091 


- 


4,091 


5,121 


397 


4,724 


3,271 


3,667 


4,328 


June 


- 


1,034 


4,176 


- 


4,176 


5,210 


433 


4,777 


3,265 


3,660 


4,382 


July 


- 


1,027 


4,214 


- 


4,214 


5,241 


494 


4,747 


3,270 


3,669 


4,348 


Aug. 


- 


1,029 


4,281 


- 


4,281 


5,310 


526 


4,784 


3,256 


3,697 


4,343 


Sept. 


- 


942 


4,353 


- 


4,353 


5,295 


493 


4,802 


3,400 


3,730 


4,472 


Oct. 
/ 1- 


— 


1,039 


4,106 


— 


4,106 


5,145 


309 


4,836 


3,480 


3,770 


4,546 



Bank of Canada and Chartered bank holdings of Government of Canada (12) 

Treasury Bills, Deposit Certificates, Treasury notes and any other 

short term issues sold direct to Bank of Canada and chartered banks. (13) 

Bank of Canada and chartered bank holdings of Government of Canada 

direct and guaranteed securities other than those shown as banking 

issues and exclusive of any temporary advances in connection with 

purchase of Victory Loan issues. (14) 

Chartered banks' temporary advances to the public in connection 

with the purchase of Victory Loan bonds at time of issue. 



Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issues, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 
Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



185 



NOVEMBER 1949 



IV— CHARTERED BANKS 

Department of Finance 

Annual Classification of Demand and Notice Deposits 









NUMBER 










AMOUNT 






As at 






Thousands 








Millions of Dollars 




September 30 






















1945* 


1946* 


1947 


1948 


1949 


1945* 


1946* 


1947 


1948 


1949 


Demand Deposits 






















S1,000 or less 


592.0 


649.2 


685.9 


726.6 


767.5 


166.3 


165.6 


169.6 


180.4 


185.9 


SI ,000 to $5,000 


133.3 


142.3 


146.5 


163.4 


170.0 


289.0 


307.2 


321.7 


355.8 


37:;.:; 


$5,000 to $25,000 


34.9 


37.1 


38.5 


44.0 


47.7 


344.0 


372.3 


386.9 


434. 8 


477.0 


$25,000 to $100,000 


6.7 


7.5 


7.4 


8.5 


9.2 


307.2 


350.9 


344.1 


393.6 


425.2 


Over $100,000 


2.5 


2.4 


2.3 


2.6 


2.9 


1,159.8 


1,097.7 


945.9 


1,032.6 


1,143.1 


Adjustment Items 


- 


— 








+ 30.6 


+ 22.0 


- 4.9 


-37.1 


- 100.5 


Total Demand Deposits 


769.3 


838.5 


880.6 


945.1 


997.3 


2,297.0 


2,315.7 


2,163.3 


2,360.1 


2,504.1 


Notice Deposits 






















$1,000 or less 


4,968.7 


5,290.7 


5,517.0 


5,718.5 


5,962.5 


862.3 


901.0 


922.0 


953.1 


997.5 


$1,000 to $5,000 


584.2 


690.2 


725.2 


777.7 


827.6 


1,142.9 


1,373.3 


1,478.4 


1,605.1 


1,732.2 


$5,000 to $25,000 


60.0 


77.5 


89.6 


103.4 


121.5 


497.0 


645.3 


752.6 


868.0 


1,017.:! 


$25,000 to $100,000 


3.1 


4.1 


4.7 


5.3 


5.8 


133.4 


180.5 


203.4 


228.1 


249.9 


Over $100,000 


.8 


1.0 


1.0 


1.0 


1.1 


347.8 


365.7 


440.7 


387.1 


405.4 


Adjustment Items 


— 


- 


— 


— 


— 


+ 8.3 


+ 10.9 


+8.7 


+ 7.1 


+9.:; 


Total Notice Deposits 


5,616.7 


6,063.5 


6,337.5 


6,606.0 


6,918.4 


2,991.6 


3,476.7 


3,805.9 


4,048.5 


4,411.5 



As at October 30. 



Annual Classification of Loans in Canada 



Millions of Dollars 



As at September 30 



Provincial governments 

Municipal governments and school districts 

Agriculture : 

Farmers' loans; cattle loans; fruit raisers 

Loans to grain dealers; grain exporters and seed merchants. . . 

Total Agriculture 

Financial : 

Call loans and other accommodation to brokers and dealers 

Loans to specified institutions , 

Loans to individuals against securities 

Total Financial 

Merchandising ; wholesale and retail 

Manufacturers of and dealers in lumber; pulpwood and 

products thereof 

Other manufacturing of all descriptions 

Mining 

Fishing; including loans to packers and curers of fish 

Public utilities; including transportation companies 

Loans to building contractors and others for building purposes. . . 
Loans to churches; hospitals; charitable and religious institutions 
Other loans 

Total Loans in Canada 



1945* 



1946* 



11.5 
20.2 

71.3 
109.5 



180.8 

130.6 

34.2 

172.5 



337.3 

153.9 

61.4 

189.2 

11.5 

11.4 

7.8 

47.6 

6.4 

100.4 



1,139.5 



12.1 
26.5 

109.8 
67.7 



177.5 

97.8 

63.7 

220.8 



382.4 

240.1 

79.4 

238.8 

13.7 

16.4 

15.9 

71.8 

7.8 

156.5 



1947 



20.6 
43.9 

147.3 
67.9 



215.2 

83.9 

38.1 

225.8 



1,438.9 



347.8 

417.7 

116.4 
387.1 
17.0 
21.3 
42.5 
93.9 
13.5 
201.3 



1,938.2 



1948 

20.5 
67.6 

161.9 
103.3 



265.2 

75.4 

41.4 

225.1 



341.8 

432.5 

112.7 

423.4 
18.9 
14.8 
36.3 

103.6 
23.8 

239.5 



1949 

40.4 
76.1 

IS 4.1 
190.1 



374.5 

102.4 

57.5 

234.6 



394.5 

4S0.7 
112.0 

128.4 

21.9 
24.9 
34. 5 

113.3 
26.5 

280.C 



2,100.7 



2,408.4 



* As at Octobei 30. 



NOVEMBER 1949 



186 



V— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 

Based on Middle of the Market quotations 




Average of Business Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 

2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


2.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


Monthly 

1948— Nov. 


99.60 


3.01 


2.93 


2.73 


2.25 


1.53 


Dec. 


99.75 


3.01 


2.93 


2.71 


2.27 


1.58 


1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 


Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 


May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 


June 


100.45 


2.97 


2.89 


2.65 


2.28 


1.67 


July 


100.57 


2.96 


2.87 


2.67 


2.30 


1.68 


Aug. 


101.07 


2.92 


2.78 


2.62 


2.26 


1.69 


Sept. 


101.16 


2.91 


2.78 


2.65 


2.24 


1.63 


Oct. 


102.40 


2.82 


2.71 


2.59 


2.17 


1.63 


Nov. 


103.00 


2.78 


2.69 


2.56 


2.13 


1.65 









V— SECURITY 


PRICES 
















Bank of Canada 














Government Bonds 






3 Month Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada (1) 


U. K.<« 


U.S.A.«> 






















U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


Monthly 




















1948— July 


100.72 


2.93 


101.04 


2.89 


101.10 


2.41 


.412 


.506 


.997 


Aug. 


100.43 


2.96 


101.84 


2.80 


101.03 


2.42 


All 


.507 


.997 


Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


All 


.519 


1.160 


Feb. 
Mar. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.524 


1.162 


Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 


May 


100.88 


2.91 


103.50 


2.60 


102.09 


2.33 


.500 


.523 


1.148 


June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.32 


.506 


.524 


1.158 


July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.523 


.923 


Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.525 


1.007 


Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


.510 


.514 


1.058 


Oct. 


103.04 


2.70 


96.18 


3.27 


104.51 


2.13 


.512 


.524 


1.050 


Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.523 


1.056 



(1) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15. 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 2Yi% due Dec. 15, 



187 



NOVEMBER 1949 



Millions of Dollars 



VI— FINANCIAL STATISTICS FOR 663 COMPANIES*: 1938-48 

Bank of Canada 
NET PROFIT BEFORE TAX : INDUSTRIAL CLASSIFICATION 



Fiscal Year Nearest to Calendar Year N rJ°J 1938 1939 



Grain Mill Products 

Food 

Beverage 

Tobacco 

Leather 

Rubber 

Primary Textiles 

Miscellaneous Textiles 

Clothing 

Wood Products, (inch Logging) 

Pulp and Paper 

Paper Products 

Printing and Publishing 

Iron, Steel and Products 

Machinery, (excl. Electrical) 

Electrical Machinery & Equipment 

Gold Mining 

Other Non-ferrous Metals 

Non-metallic Minerals (ex. Fuels) . 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 

Wholesale Trade & Service 

Retail Trade & Service 

Electric Utilities 

Telephones 

'Transportation and Storage 

Grain Elevators 

Total of 663 Companies 



7 
45 
15 

3 

14 
7 
26 
13 
28 

19 
23 
26 
12 

49 
49 
27 

38 
18 
22 
17 
11 
30 
11 

64 
32 
22 
6 
16 
13 



663 



.1 
9.8 
7.3 
8.0 

.5 
2.8 
3.8 
2.2 

.2 

.7 
2.0 
2.1 
1.3 



13.0 
7.2 

50.9 
69.5 
5.6 
4.8 
36.1 
10.9 



3.2 

0.4 
16.0 
9.7 
1.5 
1.4 



284.7 



2.5 

17.9 
8.5 
8.2 

1.1 
3.0 
9.8 
3.6 
1.9 

1.6 
10.5 

2.4 

1.7 

16.9 
10.8 

7.4 

52.0 

86.3 

6.3 

5.8 

33.2 

15.5 

1.5 

5.5 
7.9 
16.1 
9.8 
1.8 
1.2 



350.7 



1940 



3.2 

16.5 
9.1 
9.1 

1.2 
3.7 
16.6 
4.6 
3.0 

2.7 

28.6 

3.7 

2.0 

22.2 
23.6 
13.9 

54.9 

101.9 

8.5 

6.8 

34.1 

18.2 

1.9 

7.4 

10.0 

20.9 

12.6 

3.8 

2.3 



447.0 



1941 



3.3 
20.7 
13.1 

9.7 

1.5 
7.1 
23.7 
7.1 
3.3 

3.1 

37.8 

4.9 

2.2 

30.7 
44.0 
23.1 

51.1 

120.4 

10.8 

7.0 
35.5 
21.9 

2.4 

9.8 

13.0 

25.1 

16.6 

8.6 

2.8 



560.3 



1942 



3.8 
24.3 

17.0 
11.5 

2.2 
11.2 
23.7 

7.7 
5.0 

3.3 

26.5 

5.7 

2.4 

37.9 
60.6 
25.8 

40.7 

120.5 

12.0 

6.2 
34.7 
19.3 

3.2 

11.6 
17.4 
33.4 
19.8 

7.7 
2.6 



597.7 



1943 



6.9 
27.1 
17.2 
10.8 

2.3 
9.9 
14.0 
6.8 
5.0 

3.3 
27.0 

6.0 
2.7 

36.5 
59.7 
21.1 

3L1 

109.6 

8.0 

6.2 

37.5 

17.7 

2.8 

12.7 
20.1 
31.4 
21.9 
5.9 
6.4 



567.6 



1944 



5.3 
28.7 
23.4 

10.6 

2.4 
7.8 
15.3 
6.2 
5.6 

4.1 

31.4 

6.0 

3.0 

30.0 

47.3 
21.0 

22.7 

92.5 

7.9 

5.8 

38.0 

19.5 

3.4 

11.7 
22.1 
26.9 
22.3 

5.5 
5.0 



531.4 



1945 



5.3 
26.7 
34.3 
11.6 

2.3 
8.7 
14.4 
6.9 
5.5 

3.8 

31.9 

6.1 

3.5 

25.2 

41.0 
15.0 

20.1 
87.1 
10.5 

6.5 
38.2 
19.8 

3.7 

12.6 
25.5 
29.9 
25.4 
5.8 
3.9 



531.2 



1946 



5.7 
26.0 
45.7 
10.7 

2.7 
9.5 
13.6 
7.8 
8.0 

5.8 

74.2 

9.1 

3.7 

27.1 
31.9 
12.1 

14.8 
99.7 
13.5 

6.9 
42.4 
22.9 

3.7 

16.3 
29.4 
30.7 
22.0 
3.0 
2.9 



601.8 



1947 



6.8 
31.3 
37.9 

9.5 

3.0 

16.2 

18.6 

8.9 

8.1 

12.0 

111.4 

11.4 

3.3 

38.5 

57.6 
25.2 

11.3 

148.5 

16.2 

6.9 
45.6 
26.3 

4.8 

17.6 
28.3 
30.7 
20.3 



763.9 



1948 



7.6 
34.3 
34.7 
11.5 

2.4 

9.8 

32.0 

9.5 

7.8 

11.7 

127.1 

11.2 

3.3 

51.3 
77.6 
28.1 

14.1 

182.9 

21.7 

9.8 
49.1 
30.2 

4.6 

19.2 

31.7 
2( 1. 2 
20.0 

(i.X 
3.1 



882.3 



The footnotes below refer to tables on pages 187 to 201 Inclusive. 



* The tabulation includes all those companies in the classification specified 
with 1941 assets over $200,000 for which consistent reports were available 
from 1935-48. The material is, of course, subject to all the limitations and 
qualifications which apply to the basic accounting statements. 

(1) For purposes of comparability, any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves, 
whether shown by the company in operating expenses or as adjustment 
to earned surplus, have been deducted in arriving at Net Operating Profit. 

(2) Includes depletion and deferred development provision where charged 
by the company. 

(i) The Source and Use of Funds Statement is designed to show net casli 
received from all sources and paid out for all purposes; revaluations or 
purely bookkeeping transactions which affect items of the Balance Sheet, 
particularly Plant, Property and Equipment, Preferred and Common 
Stock outstanding and, in a few instances. Funded Debt, are so far as 
possible eliminated from the Source and Use of F'unds Statement. 



(4) Includes amortization of bond discount. 

(5) Includes adjustments relating to tax accruals and other transactions 
of previous years. 

(6) Special inventory reserves have been deducted. 

(7) Reserves for depreciation and depletion have been deducted. 

(8) Includes current accounts receivable from subsidiaries and fixed invest- 
ment in subsidiaries less current and non-current accounts payable to 
subsidiaries. 

(9) Includes goodwill, franchises, bond discount and other deferred charges, 
deferred development etc., less pension fund reserves, insurance reserves 
and advance payments on contracts. 

(10) Bonds and mortgages outstanding less sinking fund. 

(11) Includes contingent and general reserves, capital surplus and the re- 
fundable portion of the Excess Profits Tax. 



KPro 






*'»toa 



NOVEMBER 1949 



188 



VI 



Millions of Dollars 



-FINANCIAL STATISTICS : 45 FOOD PRODUCTS COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation) (1) 


15.8 

5.5 

.8 

1.3 

9.8 
2.0 

7.8 

7.6 

.2 


24.2 

5.7 

.8 

1.4 

17.9 

4.5 

13.4 

6.9 

6.5 


22.7 

5.7 

.8 

1.3 

16.5 
6.7 

9.8 

7.1 

2.7 


27.1 
6.1 
1.0 
1.3 

20.7 
10.2 

10.5 

9.4 

1.1 


30.8 

6.2 

.9 

1.2 

24.3 

12.X 

11.5 

6.5 

5.0 


33.3 

0.2 
1.1 
1.1 

27.1 
15.6 

11.5 

5.7 

5.8 


34.9 
6.3 

1.1 

1.0 

28.7 
16.6 

12.1 

7.1 

5.0 


32.7 

6.3 

1.2 

.9 

26.7 
15.4 

11.3 

0.2 

5.1 


32.2 
6.8 

1.4 

.8 

26.0 
12.9 

13.1 

7.8 

5.3 


38.5 
7.5 
1.1 

.8 

31.3 

14.7 

16.6 

s.l 

8.5 


42 3 


Depreciation' 2 ' 


8.7 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision*" 

Income & E. P. Tax Provision (ex. Refundable Portion).. 

Net Income to Stockholders'" 


1.6 

.9 

34.3 
12.0 

21.7 




S.l 


Undistributed Income' 1 ' 


13 6 







SOURCE AND USE OF FUNDS'* 


- 














Net Source of Funds 

Net Income to Stockholders 


7.8 
7.6 

.2 
5.5 

.1 

5.8 
5.8 


13.4 
6.9 

6.5 

5.7 

12.2 
12.2 


9.8 

7.1 

2.7 
5.7 

8.4 

8.4 


10.5 
9.4 

1.1 

6.1 

7.2 
7.2 


11.5 

0.5 

5.0 
6.2 

11.2 
.2 

11.4 


11.5 

5.7 

5.8 
6.2 

12.0 
.3 

12.3 


12.1 

7.1 

5.0 
6.3 

11.3 
1.2 

12.5 


11.3 

6.2 

5.1 
6.3 

11.4 
.8 

12.2 


13.1 

7.8 

5.3 
6.8 

12.1 
.5 

12.6 


16.6 

8.1 

8.5 
7.5 

16.0 
.1 

15.9 


21.7 


Cash Dividends 


8.1 


Undistributed Profits 


13.6 


Depreciation Charges 


8.7 


Other Non-cash Charges Against Current Income < 2) < 4) . . . . 
Total Funds From Current Income 


22.3 


Issue of Common Stock 


.8 


Total Net Sources of Funds 


23.1 






Net Use of Funds 

Investment in Plant, Property and Equipment 


4.2 

1.7 

.2 

.8 

.1 

1.2 

.4 
5.4 

5.8 


4.2 

8.4 

.5 

2.8 

1.1 

10. 
3.8 

12.2 


4.3 

.1 

1.3 

1.2 

.8 

0.1 
2.3 

8.4 


5.1 

17.6 

.8 

1..1 
.1 

:-i 

25.1 
18.2 

7.2 


3.4 
9.9 
1.8 

.8 

1.0 

.1 

.8 

6.3 

17.7 

11.4 


3.3 

9.5 
2.8 
2.0 
2.1 
.2 
5.5 

25.4 
13.1 

12.3 


4.3 
4.3 
3.0 
2.4 
.2 
1.1 

4.1 
S.4 

12.5 


5.2 

.3 

.5 

1.1 

3.2 

1.1 

.9 

8.9 
3.3 

12.2 


11.2 

12.9 

1.6 

1.9 

.1 
1.1 

22. 8 
10.2 

12.6 


21.2 

24.8 

.2 

7.1 
2 

1.5 

37.8 
21.9 

15.9 


19.8 


Investment in Inventories 


.4 


Investment in Other Companies 


1.3 


Investment in Refundable Excess Profits Tax 


.5 


Redemption of Funded Debt 


2.6 


Redemption of Preferred Stock 


5.3 




1.7 


Sub-Total 


14.8 


Increase in Working Capital ex. Inventories' 5 ' 


8.3 


Total Net Uses of Funds 


23.1 







YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 
Cash 


10.2 
16.5 
15.1 

35.8 

77.6 
8.5 
8.3 

2.9 
1.4 

56.5 

77.3 

3.8 

10.6 

148.2 


11.2 

17.4 
20.6 

44.2 

93.4 

11.1 

14.3 

5.5 

1.2 

61.3 

75.7 

3.0 

10.2 

150.2 


10.7 
18.0 
25.5 

44.2 

98.4 

12.0 

14.0 

8.0 

1.1 

63.3 

74.4 
4.3 
9.6 

151.6 


6.7 
17.0 
33.6 

61.8 

119.1 
18.2 
24 .8 

12.3 
1.1 

62.7 

73.0 
5.1 
9.8 

150.6 


15.0 

20.6 
32.0 

52.0 

119.6 
15.9 

2o.:, 

1 1 .3 
1.1 

70.8 
.8 

70.3 
3.3 
9.4 

154.6 


12.6 
29.1 
24.7 
4.8 
61.5 

132.7 

18.2 

25.9 

15.2 

1.1 

72.3 
2.8 

67.1 
6.1 
9.8 

158.1 


14.9 
28.3 
26.5 
4.9 
57.2 

131.8 
20.0 
16.8 

17.2 
1.4 

76.4 
5.2 

64.9 
9.3 
9.5 

165.3 


13.8 
30.7 
24.5 
3.5 
56.9 

129.4 
22.0 
11.8 

15.0 
1.3 

78.7 
6.3 

67.3 
8.7 
9.9 

170.9 


15.6 

24.2 

28.3 

2.8 

69.9 

140.8 
27.2 
17.2 
13.8 

1.5 

81.1 
6.2 

72.7 
9.6 
9.6 

179.2 


11.4 

15.4 

35.1 

1.9 

94.7 

158.5 
30.8 
26.3 
14.9 

1.7 

84.8 
6.0 

86.5 
9.7 
9.7 

196.7 


12.2 


Marketable Securities 


12.8 


Current Accounts Receivable 


38.9 


liovernment Account (Net) 


.6 


Inventories' 6 ' 


95.1 


Total Current Assets 


159.6 


Current Accounts Pavable 


33. S 


3ank Loans 


17.7 


\ccrued Taxes Payable 


12.7 


Accrued Interest and Dividends Payable 


1.0 


Net Working Capital 


93.8 


Refundable Portion of Excess Profits Tax 


4.9 


5 lant, Property and Equipment (Net)' 7 ' 


100.9 


nvestment in Other Companies (Net)' 8 ' 


11.0 


iliscellaneous Assets Less Miscellaneous Liabilities'" 

Total 


11.7 
222.3 






Capital and Surplus 

unded Debt'"" 


30.5 
1.1 
23.6 
58.7 
34.3 

148.2 


27.7 
.1 
23.6 
58.3 
40.5 

150.2 


26.5 
.8 
23.6 
57.8 
42.9 

151.6 


24.9 
.2 
23.6 
57.4 
44.5 

150.6 


23.0 
.6 
23.5 
57.7 
49.8 

154.6 


20.9 
.4 
20.8 
57.4 
58.6 

158.1 


21.0 
.2 
22.1 
58.5 
63.5 

165.3 


18.1 
.5 
21.2 
59.3 
71.8 

170.9 


20.2 
.5 
21.1 
59.8 
77.6 

179.2 


27.3 
1.1 
20.8 
59.8 
87.7 

196.7 


30.0 


.oans from Parent and Other Companies (Net) 


.5 


'referred Stock Outstanding 


26.3 


'ommon Stock Outstanding 


62.1 




103.4 


Total 


222.3 







ote: for footnotes see page 187. 



i«y 



NOVEMBER 1949 



Millions of Dollars 



VI FINANCIAL STATISTICS : 15 BEVERAGE COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation)"' 


8.8 

1.8 

.6 

.3 

7.3 
1.5 

5.8 
5.0 

.8 


9.9 

1.8 

.6 

,2 

8.5 
1.8 

6.7 

4.0 

2.7 


10.6 

1.9 

.6 

.2 

9.1 
3.6 

5.5 

4.6 

.9 


14.8 

2.1 

.6 

2 

13.1 
6.2 

6.9 

8.4 

1.5 


18.9 

2.2 

.5 

_2 

17.0 
8.8 

8.2 

4.9 

3.3 


18.9 

2.1 

.5 

.1 

17.2 
9.6 

7.6 

1.6 

3.0 


24.6 

2.1 

1.1 

.2 

23.4 
14.0 

9.4 

4.7 

4.7 


36.2 
2.2 

.7 
.4 

34.3 

22.0 

12.3 

5.6 

6.7 


48.1 

3.1 

1.1 

.4 

45.7 
24.9 

20.8 

7.4 

13.4 


41.0 
3.6 
1.2 

.7 

37.9 

17.2 

20.7 
10.1 

10.6 


39 4 




5.2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (inch Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision'" 

Income <S: E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders'" 


1.4 

34.7 
13.6 

21 1 


Net Income Paid Out in Cash Dividends 


18.6 


Undistributed Income'" 


2 5 







SOURCE AND USE OF FUNDS") 
















Net Source of Funds 

Net Income to Stockholders 


5.8 
5.0 

.8 
1.8 

2.6 
.1 

2.7 


6.7 
4.0 

2.7 
1.8 

4.5 

4.5 


5.5 
4.6 

.9 

1.9 

2.8 
2.8 


6.9 

8.4 

1.5 

2.1 

.2 

.8 
.8 


8.2 

4.9 

3.3 

2.2 
.2 

5.7 
5.7 


7.6 
4.G 

3.0 

2.1 

.3 

5.4 
.3 

5.7 


9.4 

4.7 

4.7 

2.1 

.2 

7.0 
.1 

7.1 


12.3 

5.0 

6.7 
2.2 

8.9 
9.9 

18.8 


20.8 

7.1 

13.4 
3.1 

16.5 
5.6 

22.1 


20.7 
10.1 

10.6 
3.6 

14.2 
4.0 

18.2 


21 1 




18 f> 


Undistributed Profits 


2 5 




5 2 


Other Non-cash Charges Against Current Income < 2) (4) . . . . 
Total Funds From Current Income 


7.7 






Total Net Sources of Funds 


7.7 






Net Use of Funds 


2.5 

1.3 

.3 

1.5 
.3 

2.1 
.6 

2.7 


1.4 
.7 
.4 

.3 

.'!.."> 
1.0 

4.5 


2.0 

1.7 

.2 

.3 

.2 

3.9 
1.1 

2.8 


1.4 

2.9 

.8 

.(; 
.1 

.9 

5.1 
4.3 

.8 


.(i 
3.7 

.5 

2 

.1 

.9 

4.2 

1.5 

5.7 


.4 
.1 
.4 
1.2 
1.4 
1.1 
1.1 

1.9 
3.8 

5.7 


3.5 
1.9 
2 
2.2 
1.7 
2.0 
2.7 

(j.8 
7.1 


7.1 
3.4 
.4 
3.5 
6.8 
5.5 
5.6 

18.7 
.1 

18.8 


9.8 
5.3 
1.7 
1.0 
.9 
.1 
1.1 

19.7 
2.4 

22.1 


18.8 
L3.4 

1.1 

7.2 
7.2 

18.9 

.7 

18.2 


16 1 




8.8- 


Investment in Other Companies 


1.5 


Investment in Refundable Excess Profits Tax 


.4 


Redemption of Funded Debt 


10.9 


Redemption of Preferred Stock 


.3 




4.5 


Sub-Total 


10.9 


Increase in Working Capital ex. Inventories' 5 ' 


3.2 


Total Net Uses of Funds 


7.7 







YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 ' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities' 9 ', 

Total 



4.8 

6.2 

5.2 

12.4 



28.6 
1.8 
1.3 
2.3 



23.2 

25.6 
4.4 
3.7 

56.9 



4.5 

8.1 

4.5 

13.2 

30.3 
1.9 
1.2 
2.5 



24.7 

26.3 
4.7 
3.6 

59.3 



3.7 

9.1 

5.4 

14.9 



33.1 
2.2 
L5 
4.3 



25.1 

26.7 
4.7 
3.6 

60.1 



4.2 

7.7 

6.5 

17.7 



36.1 
3.6 

1.5 
5.7 

1.5 

23.8 

26.3 
3.3 

3.4 

56.8 



5.1 

8.0 

7.1 

21.5 



41.7 
4.0 
1.4 
7.1 



29.2 
.5 

25.0 
3.2 
3.2 

61.1 



6.5 
10.5 

6.1 
21.4 



44.5 
3.9 



32.9 
1.7 

23.6 
2.9 
3.5 

64.6 



8.2 
14.8 

6.8 
23.2 



53.0 
4.9 
3.7 
9.4 



35.0 
3.9 

25.1 
3.1 
3.0 

70.1 



13.1 

13.1 

8.6 

26.6 



61.4 

0.4 
1.3 

15.0 



38.5 
7.6 

31.6 
3.6 
7.9 

89.2 



14.0 

14.3 

8.9 

31.9 



69.1 
7.3 

2.3 
12.0 



46.7 
8.5 

38.3 
5.4 
8.0 

106.9 



15.5 
15.4 
11.2 
45.3 



87.4 
9.8 

9.5 
11.0 



55.7 
7.7 

53.1 
6.7 
9.0 



132.2 



Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves"" 



Total. 



2.8 

.4 

10.8 

27.1 

15.8 

56.9 



2.4 

.3 

10.9 

27.1 

19.2 

59.3 



2.7 

.(3 

10.4 

27.1 

20.5 

60.1 



2.0 

1.1 

10.3 

26.6 

19.0 

56.8 



1.8 
.1 

10.2 
26.6 
22.4 

61.1 



3.4 

.5 

9.2 

26.9 

25.6 

64.6 



5.1 

1.9 
11.2 

27.0 
28.7 

70.1 



11.9 

2.4 

5.6 

37.0 

37.1 

89.2 



11.0 

2.8 

5.7 

42.6 

50.4 

106.9 



18.3 

5.1 

5.7 

46.6 

66.7 

132.2 



Note: for footnotes see page 187. 



*'»(» 



NOVEMBER 1949 

VI 

Millions of Dollars 



190 



FINANCIAL STATISTICS : 26 PRIMARY TEXTILE COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation)"' 


7.1 

3.4 

.8 

.7 

3.8 
.9 

2.9 

3.7 

.8 


14.2 

4.6 

.8 

.6 

9.8 
2.5 

7.3 

4.3 

3.0 


21.5 

5.2 

.9 

.6 

1G.6 
10.1 

6.5 

4.2 

2.3 


28.8 

5.6 

1.1 

.6 

23.7 
16.7 

7.0 

4.4 

2.6 


28.5 
5.4 
1.1 

.5 

23.7 
15.8 

7.9 

4.5 

3.4 


17.1 

3.7 

1.1 

.5 

14.0 
• 7.5 

6.5 

4.5 

2.0 


19.0 

4.3 

1.2 

.6 

15.3 
7.4 

7.9 

4.5 

3.4 


17.7 

3.8 

1.3 

.8 

14.4 
7.2 

7.2 

4.5 

2.7 


17.0 
4.0 
1.3 

.7 

13.6 
6.4 

7.2 

5.7 

1.5 


23.2 
5.2 

1.3 

.7 

18.6 
8.1 

10.5 

6.4 

4.1 


37 9 


Depreciation (2) . . 


6.6 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 
Net Income to Stockholders" ' 


1.5 
.8 

32.0 
10.8 

21 2 


Net Income Paid Out in Cash Dividends 


7.1 


Undistributed Income' 1 ' 


14 1 







SOURCE AND USE OF FUNDS"* 
















Net Source of Funds 

Net Income to Stockholders 


2.9 
3.7 

.8 
3.4 

2.6 

2.6 


7.3 
4.3 

3.0 
4.6 

7.6 

7.6 


6.5 
4.2 

2.3 

5.2 

7.5 
7.5 


7.0 

4.4 

2.6 
5.6 

8.2 

8.2 


7.9 
4.5 

3.4 

5.4 

8.8 
8.8 


6.5 
4.5 

2.0 
3.7 

5.7 
.6 

6.3 


7.9 
4.5 

3.4 

4.3 

7.7 
.4 

8.1 


7.2 
4.5 

2.7 

3.8 

6.5 
6.5 


7.2 
5.7 

1.5 

4.0 

5.5 
.9 

6.4 


10.5 
6.4 

4.1 

5.2 

.1 

9.4 
1.7 

11.1 


21 2 


Cash Dividends 


7.1 


Undistributed Profits 


14 1 


Depreciation Charges 


6 6 


Other Non-cash Charges Against Current Income"' (4) . . . . 
Total Funds From Current Income 


.1 
20 8 


Issue of Common Stock 


1 


Total Net Sources of Funds 


20 9 






Net Use of Funds 

Investment in Plant, Property and Equipment 


2.4 
1.5 

.1 

.3 

.5 
2.1 

2.6 


2.9 

1.7 

.1 

.4 

.4 

4.7 
2.9 

7.6 


5.0 

4.1 

.5 

.4 
.2 

9.2 
1.7 

7.5 


3.5 
3.3 

.4 

2.1 
.4 

8.9 

.7 

8.2 


2.4 
1.8 

.6 
1.7 

.5 

.6 

5.2 
3.6 

8.8 


1.4 
7.1 
.3 
.8 
.5 
.5 
.7 

3.5 
9.8 

6.3 


3.2 
1.7 
.2 
.7 
6.1 
1.3 
2.6 

.2 
7.9 

8.1 


3.3 

1.5 

.1 

.6 

.2 

2.6 

8.3 
1.8 

6.5 


10.4 
9.0 
2.8 

1.4 

.2 

21.0 
14.6 

6.4 


12.1 
3.5 
1.6 

3.8 

3.4 
.6 

9.4 

1.7 

11.1 


13.4 


Investment in Inventories 


4.9 


Investment in Other Companies 


4.2 


Investment in Refundable Excess Profits Tax 


1.1 


Redemption of Funded Debt 


1 3 


Redemption of Preferred Stock 




Increase in Misc. Assets (less Misc. Liabilities) 


.2 


Sub-Total 


20.3 


Increase in Working Capital ex. Inventories'" 


.6 


Total Net Uses of Funds 


20.9 






YEAR-E 


ND BJ 


lLANC 


E SHI 


IET 
















Net Working Capital and Other Assets 
Cash 


3.7 
11.5 

6.3 
14.5 

36.0 
2.8 
1.1 
1.1 

.3 

30.7 

48.0 
5.0 
2.1 

85.8 


5.3 
11.9 
10.7 
16.2 

44.1 
4.5 
1.2 
2.9 

.3 

35.2 

46.3 
5.0 
1.6 

88.1 


5.6 
15.7 
11.8 
20.2 

53.3 
5.4 
1.3 
9.4 

.3 

36.9 

46.0 
4.6 
1.6 

89.1 


7.1 
19.2 
14.4 
23.6 

64.3 
5.6 
3.1 

15.6 

.4 

39.6 

43.9 
4.1 
1.7 

89.3 


5.8 
24.0 
13.7 
25.3 

68.8 

5.1 

4.2 

14.4 

.4 

.4 

44.3 
1.7 

40.7 
3.5 
2.0 

92.2 


5:8 
28.0 
10.4 
18.2 

62.4 

6.1 

2.3 

6.0 

.7 

.3 

47.0 
2.4 

39.0 
3.2 
1.8 

93.4 


9.0 
29.8 
13.1 
16.5 

68.4 

5.4 

1.6 

6.9 

.1 

.5 

53.9 
2.7 

36.9 
3.4 
2.5 

99.4 


5.8 
35.6 
11.1 
18.0 

70.5 

6.7 

2.8 

6.2 

.1 

.4 

54.5 
3.3 

38.7 
3.5 
3.2 

103.2 


4.4 
24.3 
11.8 
26.9 

67.4 

9.0 

3.5 

4.5 

.6 

.8 

50.2 
3.2 

45.3 
6.2 
2.0 

106.9 


7.4 
23.8 
11.6 
30.5 

73.3 

9.1 

2.7 

5.8 

.1 

.4 

55.4 
3.2 

52.1 
7.9 
2.2 

120.8 


6.8 


Marketable Securities 


25.0 


Current Accounts Receivable 


16.4 


Inventories* 6 ' 


35.4 


Total Current Assets 


83.6 


Current Accounts Payable 


12.0 


Bank Loans 


2.2 


Accrued Taxes Payable 


8.6 


3overnment Account (Net) 




Accrued Interest and Dividends Payable 


.4 


Net Working Capitai 


60.4 


Refundable Portion of Excess Profits Tax 


1.9 


Mant, Property and Equipment (Net)' 7 ' 


59.0 


nvestment in Other Companies (Net)' 8 ' 


12.3 


Miscellaneous Assets Less Miscellaneous Liabilities' 9 ' 

Total 


2.4 
136.0 






Capital and Surplus 

r unded Debt" ) 


13.6 
.2 
20.2 
35.6 
16.2 

85.8 


13.3 
.2 

20.2 
35.6 
18.8 

88.1 


13.3 
,2 

19/7 

35.6 
20.3 

89.1 


11.1 
.3 
19.4 
35.6 
22.9 

89.3 


10.6 
.3 
19.4 
35.6 
26.3 

92.2 


8.8 

18.9 
36.2 
29.3 

93.4 


15.1 
.1 
17.6 
36.8 
29.8 

99.4 


14.9 
.1 
17.6 
36.9 
33.7 

103.2 


18.1 

17.5 
37.8 
33.5 

106.9 


22.3 
.1 
20.9 
39.6 
37.9 

120.8 


23.0 


-oans from Parent and Other Companies (Net) 


.3 


'referred Stock Outstanding 


20.9 


"ommon Stock Outstanding 


39.7 


Earned Surplus and Surplus Reserves" 1 ' 


51.5 


Total 


136.0 







fote: for footnotes see page 187. 



191 NOVEMBER 1949 

VI— FINANCIAL STATISTICS : 23 PULP AND PAPER PRODUCTS COMPANIES* 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 




26.3 

14.8 

.5 

10.0 

2.0 
1.3 

.7 

2.3 

1.6 


37.2 

16.5 

.5 

10.7 

10.5 
2.9 

7.6 

4.6 

3.0 


64.3 

25.4 

.9 

11.2 

28.6 
13.4 

15.2 

7.6 

7.6 


73.5 

26.0 

1.3 

11.0 

37.8 
21.5 

16.3 

8.2 

8.1 


62.0 

26.5 

1.4 

10.4 

26.5 
13.5 

13.0 

6.8 

6.2 


62.1 

26.7 

1.7 

10.1 

27.0 

14.9 

12.1 

6.3 

5.8 


65.6 

26.0 

1.5 

9.7 

31.4 
16.9 

14.5 

8.2 

6.3 


63.6 

24.7 

2.0 

9.0 

31.9 
16.1 

15.8 

8.7 

7.1 


107.8 

27.6 

2.0 

8.0 

74.2 
39.9 

34.3 

18.0 

16.3 


144.0 

28.5 

1.7 

5.8 

111.4 
57.0 

54.4 

23.1 

31.3 


162 1 




31 3 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 


2.1 

5.8 

127.1 
49.3 

77.8 


Net Income Paid Out in Cash Dividends 




Undistributed Income'" .... 


47.5 







SOURCE AND USE OF FUNDS"' 



Net Source of Funds 

Net Income to Stockholders. . . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income (2) C4 >. 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds 



.7 
2.3 

1.6 

13.6 
1.7 

13.7 



13.7 



7.6 

4.6 

3.0 

15.6 

2.8 



21.4 



21.4 



15.2 
7.6 

7.6 
23.6 

2.2 



33.4 
2.8 

36.2 



16.3 
8.2 

8.1 

24.1 

2.3 



34.5 



34.5 



13.0 
6.8 

6.2 

24.7 
2.2 



33.1 



33.1 



12.1 
6.3 

5.8 

25.1 

1.9 



32.8 



32.8 



14.5 
8.2 

6.3 

24.1 
2.2 



32.6 
.5 

33.1 



15.8 



7.1 

22.6 

2.3 



32.0 
32.0 



34.3 
18.0 

16.3 

25.3 

2.4 



44.0 
4.0 

48.0 



54.4 
23.1 

31.3 

26.2 

2.4 

59.9 



59.9 



Net Use of Funds 

Investment in Plant, Property and Equipment. 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities). 



Sub-Total 

Increase in Working Capital ex. Inventories®. 

Total Net Uses of Funds. 



3.4 
3.7 

7.8 

5.4 

.3 

5.7 

10.7 
3.0 

13.7 



4.4 

5.8 

.6 

3.3 

.6 

1.1 



9.3 
7.6 
1.3 

6.8 

.6 

5.4 



9.7 
2.9 



9.7 

.1 

1.6 



10.7 

6.6 

.1 

.4 

5.7 

7.1 



5.5 
5.7 

.7 
1.0 
3.7 

.8 
4.9 



10.5 
6.6 
1.3 
1.5 
8.7 
.1 
1.6 



21.1 
12.3 
1.0 
1.0 
5.0 
.2 
3i3 



31.7 

22.1 

1.4 

.1 

22.6 

1.0 

8.6 



4.2 
17.2 



31.0 
5.2 



24.8 
9.7 



16.4 
16.7 



.3 
33.1 



27.1 
6.0 



43.9 
11.9 



87.5 
39.5 



44.6 

43.4 
2.7 

2.4 

.3 

1.2 

89.8 
29.9 



21.4 



36.2 



34.5 



33.1 



32.8 



33.1 



32.0 



48.0 



59.9 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 



Marketable Securities 

Current Accounts Receivable. 
Inventories* 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net) 17 ' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'". 

Total 



Capital and Surplus 

Funded Debt' 1 "' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves"" 



Total. 



5.2 

4.5 

20.2 

66.2 

96.1 

12.4 

21.9 

2.5 

2.2 

57.1 

381.3 

7.7 
8.9 

455.0 



213.2 
16.2 
88.1 
80.3 
57.2 

455.0 



9.8 

5.0 

26.8 

60.4 

102.0 

16.2 

10.3 

3.5 

4.1 

67.9 

369.1 
8.1 
8.7 

453.8 



209.9 
14.7 
87.5 
80.4 
61.3 

453.8 



18.6 

7.3 

26.5 

67.9 

120.3 

19.0 

1.9 

15.5 

3.4 

80.5 

352.3 
9.2 
7.0 

449.0 



188.2 
9.5 

78.8 
102.5 

70.0 

449.0 



29.2 

7.1 

32.8 

70.8 

139.9 

20.6 

1.7 

23.4 

3.3 

90.9 

336.2 

10.0 

8.7 

445.8 



177.7 
8.8 

78.6 
102.5 

78.2 

445.8 



20.5 
26.7 
31.1 
77.5 

155.8 

18.9 

7.4 

11.6 

3.5 

114.4 

.4 

321.1 

10.6 

6.6 

453.1 



171.7 
14.2 
78.4 

102.5 
86.3 

453.1 



24.5 
50.6 
35.1 
71.8 

182.0 

19.0 

3.6 

16.2 

2.9 

140.3 
1.4 

300.1 
9.9 
6.2 

457.9 



167.2 
17.9 
77.3 

102.5 
93.0 

457.9 



30.5 
55.4 
34.5 
78.5 

198.9 

22.1 
"2.8 
16.1 

3.1 

154.8 

3.1 

285.0 

11.2 

5.4 

459.5 



158.1 

20.1 

77.2 

103.0 

101.1 

459.5 



14.3 
63.0 
35.5 
90.7 

203.5 

25.8 

6.3 

11.9 

.7 
3.0 

155.8 
3.8 

282.3 

12.3 

6.9 

461.1 



153.6 

23.6 

73.2 

106.7 

104.0 

461.1 



23.8 

27.9 

44.2 

112.8 

208.7 

30.3 

6.0 

25.8 

.2 

4.2 

142.2 
3.0 

287.5 

12.9 

8.2 

453.8 



138.3 

1.3 

73.3 

110.8 

132.7 

453.8 



19.7 

22.6 

54.5 

156.2 



253.0 
41.7 

5.8 
38.6 

6.3 



160.6 
2.7 

303.9 

15.7 

5.6 

488.5 



140.8 

.4 

71.9 

112.0 

164.2 

488.5 



Note: for footnotes see page 187. 



NOVEMBER 1949 

VI— FINANCIAL STATISTICS : 49 IRON, STEEL & PRODUCTS COMPANIES* 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



192 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 




13.9 
4.3 

.8 
.6 

9.8 
1.8 

8.0 

7.3 

.7 


21.0 

4.5 

.9 

.5 

16.9 

4.2 

12.7 

6.8 

5.9 


27.7 

6.0 

.9 

.4 

22.2 
10.1 

12.1 

7.7 

4.4 


43.0 

12.9 

.9 

.3 

30.7 
17.0 

13.7 

7.7 

6.0 


57.7 

20.2 

.7 

.3 

37.9 
22.8 

15.1 

8.2 

6.9 


52.7 

16.8 

.9 

.3 

36.5 
21.2 

15.3 

6.7 

8.6 


39.6 

10.3 

.9 

.2 

30.0 
16.2 

13.8 

5.7 

8.1 


31.1 

7.0 

1.2 

.1 

25.2 
12.8 

12.4 

5.9 

6.5 


30.3 

5.7 

2.6 

.1 

27.1 
12.5 

14.6 

12.2 

2.4 


45.0 

8.1 

2.1 

.5 

38.5 
17.9 

20.6 

12.0 

8.6 


61 


Depreciation < 2 > 


10.5 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision'" 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders ' 


1.6 

.8 

51.3 
19.7 

31.6 


Net Income Paid Out in Cash Dividends 


13.2 


Undistributed Income 1 " 


18.4 







SOURCE 


AND 


USE ( 


OF FUNDS"' 
















Net Source of Funds 

Net Income to Stockholders 


8.0 
7.3 

.7 

4.3 

.1 

5.1 

.7 

5.8 


12 7 
6.8 

5.9 

4.5 

.1 

10.5 
.6 

11.1 


12.1 

7.7 

4.4 

6.0 

.1 

10.5 
.6 

11.1 


13.7 
7.7 

6.0 

12.9 

.1 

19.0 
2.6 

21.6 


15.1 
8.2 

6.9 
20.2 

27.1 
.1 

27.2 


15.3 
6.7 

8.6 
16.8 

25.4 
1.8 

27.2 


13.8 
5.7 

8.1 
10.3 

18.4 
2.0 

20.4 


12.4 
5.9 

6.5 

7.0 

13.5 
1.2 

14.7 


14.6 
12.2 

2.4 
5.7 

8.1 

8.1 


20.6 
12.0 

8.6 
8.1 

16.7 
1.0 

17.7 


31 6 


Cash Dividends. . 


13.2 


Undistributed Profits 


18 4 


Depreciation Charges 


10 5 


Other Non-cash Charges Against Current Income (2) < 4) . . . . 
Total Funds From Current Income 


28 9 


Issue of Common Stock 


1.8 


Total Net Sources of Funds 


30.7 






Net Use of Funds 

Investment in Plant, Property and Equipment 


4.2 

3.9 

.1 

1.1 

3.2 

1.9 

7.7 

5.8 


4.2 
.3 

.4 

1.0 

2.0 

7.1 
4.0 

11.1 


10.5 
13.4 

.7 

2.6 

.9 

24.9 
13.8 

11.1 


18.8 

9.2 

.3 

.3 

5.8 

22.2 
.6 

21.6 


13.9 

4.3 

.5 

2.3 

.8 

.1 

1.5 

20.4 
6.8 

27.2 


6.5 
1.1 
1.4 
3.2 

1.3 
.7 

9.2 
18.0 

27.2 


9.6 
9.0 

1.9 

3.3 

.1 

3.1 

8.8 
11.6 

204 


14.1 

2.8 

.4 

1.1 

.3 

.5 

5.4 

24.6 
9.9 

14.7 


14.6 

7.7 
.2 
.1 

1.4 

2.4 

18.8 
10.7 

8.1 


22.8 

17.7 

3.3 

24.3 

.4 
2.5 

17.4 
.3 

17.7 


23.7 


Investment in Inventories 


13.5 


Investment in Other Companies 


.4 


Investment in Refundable Excess Profits Tax 


1.5 


Redemption of Funded Debt 


4.1 






Increase in Misc. Assets (less Misc. Liabilities) 


.1 


Sub-Total 


31.1 


Increase in Working Capital ex. Inventories* 5 ' 


.4 


Total Net Usi;s of Funds 


30.7 







YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 


13.4 
12.1 
11.1 
34.0 

70.6 
5.7 
1.0 
2.3 

1.8 

59.8 

69.9 

12.4 

2.0 

144.1 


15.9 
14.3 
17.7 
34.3 

82.2 
9.1 
2.2 
4.6 

2.0 

64.3 

67.9 

12.0 

2.0 

146.2 


11.3 
11.0 
24.8 
47.7 

94.8 

15.0 

3.2 

10.8 

2.2 

63.6 

72.2 
11.6 

1.9 

149.3 


16.9 
13.9 
30.5 
57.0 

118.3 

23.6 

2.5 

18.3 

8.2 

1.7 

64.0 

78.1 

10.9 
2.2 

155.2 


17.0 
27.9 
32.5 
61.2 

138.6 

29.2 

2.9 

21.8 

8.9 

1.4 

74.4 

2.3 

71.8 

11.6 

1.6 

161.7 


18.1 
35.4 
28.4 
60.1 

142.0 

23.0 

1.8 

15.7 

6.6 

1.1 

93.8 
5.5 

61.2 
9.9 
1.1 

171.5 


20.3 
42.4 
24.5 
51.1 

138.3 

21.6 

1.5 

11.1 

5.3 

1.1 

97.7 
7.3 

61.4 
9.9 
2.4 

178.7 


15.5 
36.3 
22.2 
53.9 

127.9 

21.2 

1.3 

8.3 

.6 

1.2 

96.5 

7.3 

68.8 

10.3 

3.5 

186.4 


17.8 
22.3 
25.3 
61.6 

127.0 

20.3 

1.5 

10.2 

1.8 

1.2 

92.0 

7.3 

79.5 

10.5 

2.3 

191.6 


16.1 
27.1 
38.7 
79.4 

161.3 

28.7 

4.4 

14.1 

2.0 

1.6 

110.5 

6.9 

93.7 

13.8 

2.7 

227.6 


23.3 

20.2 


Current Accounts Receivable 


45.4 


Inventories' 6 ' 


92.9 


Total Current Assets 


181.8 


Current Accounts Payable 


32 7 


Bank Loans 


.9 


Accrued Taxes Payable 


15 2 


Government Account (Net) 


1 7 


Accrued Interest and Dividends Payable 


2 4 


Net Working Capital 


128.9 


Refundable Portion of Excess Profits Tax 


4.0 


Plant, Property and Equipment (Net)"' 


106.9 


Investment in Other Companies (Net)' 8 ' 


13.3 


Miscellaneous Assets Less Miscellaneous Liabilities' 9 ' 

Total 


2.5 
255.6 






Capital and Surplus 

Funded Debt' 10 ' 


10.5 
5.2 
19.4 
69.7 
39.3 

144.1 


9.6 

2.8 

17.2 

70.8 

45.8 

146.2 


6.9 

3.7 

17.2 

71.4 

50.1 

149.3 


6.6 

1.6 

17.2 

74.6 

55.2 

155.2 


5.8 

1.8 

17.1 

74.7 
62.3 

161.7 


5.8 

3.0 

15.8 

76.7 

70.2 

171.5 


2.8 

3.0 

16.3 

78.7 

77.9 

178.7 


2.5 

3.5 

15.6 

79.8 

85.0 

186.4 


4.0 

2.8 

15.5 

79.9 

89.4 

191.6 


28.3 
5.6 
14.9 
81.3 
97.5 

227.6 


32.4 


Loans from Parent and Other Companies (Net) 


2.3 


Preferred Stock Outstanding 


14.8 


Common Stock Outstanding 


83.0 


earned Surplus and Surplus Reserves' 1 " 


123.1 


Total 


255.6 






'Jote: for footnotes see page 187. 

























193 

VI— FINANCIAL STATISTICS : 49 MACHINERY COMPANIES* (EXCL. 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



NOVEMBER 1949 
ELECTRICAL) 



Fiscal Year Nearest to Calendar Year 



1938 



1939 



1940 



1941 



1942 1943 1944 



1945 



194(5 194 



Net Operating Profit (Before Depreciation)*" 

Depreciation (2> 

Investment and Other Non-Operating Income (Net) .... 
Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision' 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion). . 

Net Income to Stockholders'" 

Net Income Paid Out in Cash Dividends 

Undistributed Income' 1 ' 



15.5 
4.5 
2.7 



13.0 

9 9 



13.8 

5.4 
3.1 



10.8 
2.2 



30.9 
7.G 
1.0 



14.2 
1.8 

.8 



77.4 

18.2 

2.2 

.8 



75.3 

17.2 

2.(5 

1.0 



54.8 
9.6 
2.8 



46.6 

7.S 

2.8 

.6 



36.5 
7.1 
3.0 

.5 



62.9 

7.9 

3.2 

.6 



23.6 
10.9 



44.0 
26.4 



60.6 
38.9 



59.7 
40.5 



47.3 
29.3 



41.0 
23.9 



31.9 
15.8 



57.6 

27.0 



10.8 
5.2 

5.6 



8.6 

4.8 

3.8 



12.7 
8.0 

4.7 



17.6 

7.5 

10.1 



21.7 
8.0 

13.7 



19.2 

8.2 

11.0 



18.0 
6.5 



17.1 

6.5 



16.1 

16.2 



30.6 

14.7 



11.5 



10.6 



15.9 



SOURCE AND USE OF FUNDS"' 



Net Source of Funds 

Net Income to Stockholders 

Cash Dividends 

Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income' 2 " 4 ' 

Total Funds From Current Income 

Issue of Common Stock 

Total Net Sources of Funds 

Net Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories. 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock ...... 

Increase in Misc. Assets (less Misc. Liabilities) 

Sub-Total 

Increase in Working Capital ex. Inventories'" 

Total Net Uses of Funds 



10.8 
5.2 



5.6 
4.5 



10.1 
1.6 

11.7 



8.6 
4.8 



3.8 
5.4 



9.2 

.7 



9.9 



12.7 
8.0 



4.7 
7.6 



12.4 



17.6 
7.5 



10.1 

14.2 



24.5 



21.7 
8.0 



13.7 
18.2 



31.9 
31.9 



19.2 
8.2 



11.0 

17.2 



18.0 
6.5 



11.5 
9.6 



21.1 



21.1 



17.1 

6.5 



10.0 
7.8 



18.4 
.1 

18.5 



16.1 
16.2 

.1 

7.1 



7.0 
.4 

7.4 



30.0 
14.7 

15.9 
7.8 

.1 

23.8 
.5 

24.3 



6.0 

3.2 

.3 



.8 

3.8 
7.9 

11.7 



7.2 
.6 

7.0 

1.8 

.4 

1.1 

10.3 

.4 

9.9 



9.0 

19.1 
4.5 

.5 

.3 

6.2 

18.2 
5.8 

12.4 



1(5.3 

31.0 

3.5 

.6 

2 

5i2 

46.4 
21.9 

24.5 



14.3 

8.3 

7.4 

3.3 

.9 

8.1 

5.3 

37.2 

31.9 



12.1 
9.5 
2.7 
6.7 
1.2 
1.5 
1.9 



28.2 



(5.1 

10.4 

.2 

3.7 

1.3 

10.4 

10.9 
10.2 

21.1 



11.3 
2.3 

1.6 
2.6 
4.2 
1.9 
10.3 

18.0 
.5 

18.5 



15.3 

21.2 

7.3 

1.4 
1.5 
8.2 

38.5 
31.1 

7.4 



19.3 

39.1 
3.1 

4.9 

.4 
4.4 

55.2 
30.9 

24.3 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 



Marketable Securities 

Current Accounts Receivable. 
Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital , 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)"' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'". 

Total 



17.7 

8.2 

39.7 

56.1 



121.7 

14.0 

12.3 

3.5 

.1 



91.1 

74.0 

23.6 

1.7 

190.4 



16.4 

8.2 

41.4 

55.5 



121.5 
16.3 

11.2 

3.3 

.1 



90.2 

75.3 

30.6 

1.9 

198.0 



101.5 

75.5 

26.2 
1.4 

201.8 



24.5 

5.6 

76.5 

105.7 



212.3 
51.3 

17.4 

30.0 

2 

1.2 

112.2 

77.1 

28.6 

1.3 

216.9 



41.0 
39.6 
77.5 
97.4 

255.5 

CO. 4 

12.S 

35.9 

7.7 

.9 

137.8 
3.3 

73.4 

21.2 

2.4 

233.3 



35.8 
55.4 

74.7 
106.9 



241.4 



36.1 
55.4 
56.7 
96.5 



244.7 

56.6 
7.0 

21.3 
1.5 



157.2 
12.8 
04.7 
19.1 

l.s 

252.0 



46.2 
46.0 
50.0 
94.2 

236.4 
46.8 

S.3 

17.5 

5.7 

.9 



168.6 

13.0 

69.5 

16.9 

.3 

268.3 



26.8 

38.5 

43.3 

115.4 



224.0 

45.3 

11.7 

12.2 

1.(5 

.8 



152.4 
12.5 
78.0 
24.6 



267.2 



35.5 
29.1 
44.5 

154.6 



263.7 
57.1 
16.5 

23.0 
2.7 

1.6 



162.8 
11.3 

S9.6 

23.0 

5.2 



291.9 



Capital and Surplus 

Funded Debt' 1 "' 

Loans from Parent and Other Companies (Net). 

Preferred Stock Outstanding 

Common Stock Ou(standing 

Earned Surplus and Surplus Reserves' 1 " 



15.0 
.3 
34.0 
99.5 
42.2 



Total. 



190.4 



17.5 
.2 
34.4 
98.6 
47.3 

198.0 



17.6 
1.3 
33.5 
98.7 
50.7 

201.8 



17.0 
3.1 
31.0 
76.9 
88.9 

216 9 



10.1 

1.9 

30.9 

76.9 

107.5 

233.3 



14.9 

2.0 

30.0 

77.3 

117.2 

241.4 



13.0 

1.4 

30.0 

77.7 

129.3 

252.0 



17.8 
1.9 

28.5 

77.9 

142.2 

268.3 



16.8 

3.3 

22.0 

84.8 

140.3 

267.2 



21.8 

2.9 

21.0 

8(5.1 

160.1 

291.9 



Note: for footnotes see page 187 






NOVEMBER 1949 



194 



VI— FINANCIAL STATISTICS : 27 ELECTRICAL MACHINERY & EQUIPMENT COMPANIES" 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation) '" 


8.1 

2.2 

1.4 

.1 

7.2 
1.2 

6.0 

4.8 


8.6 

2.4 

1.3 

.1 


15.9 

3.2 

1.3 

.1 

13.9 
6.9 


26.8 

4.6 

1.0 

.1 

23.1 

14.4 

8.7 

4.2 


30.7 

6.2 

1.4 

.1 


26.1 

5.9 

1.0 

.1 

21.1 
12.5 


23.2 

3.4 

1.3 

.1 

21.0 
11.4 

9.6 

4.3 

5.3 


16.6 

3.0 

1.5 

.1 

15.0 
7.1 

7.9 

4.3 

3.6 


12.9 

3.8 

3.1 

.1 

12.1 
4.9 


28.8 
5.1 
1.9 

.4 

25.2 
12.0 

13.2 

6.7 

6.5 


35 2 


Depreciation ' 2 ) 


7 1 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange &'Amortization of Discount) 


.5 
.5 


Net Profit before Income & E. P. Tax Provision' 1 ) 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 


7.4 
1.3 


25.8 
15.9 

9.9 

4.7 

5.2 


28.1 
11.0 


Net Income to Stockholders (1) 


6.1 

3.1 


7.0 

5.2 

1.8 


8.6 

4.3 

4.3 


7.2 

7.5 

.3 


17.1 


Net Income Paid Out in Cash Dividends 


4 7 






Undistributed Income") 


1.2 


3.0 


4.5 


12 4 







SOURCE AND USE 


OF FUNDS' 3 ) 














Net Source of Funds 

Net Income to Stockholders 


6.0 
4.8 

1.2 
2.2 

3.4 
.1 

3.3 


6.1 
3.1 

3.0 
2.4 

5.4 
.1 

5.3 


7.0 
5.2 

1.8 
3.2 

5.0 
.4 

5.4 


8.7 
4.2 

4.5 
4.6 

9.1 

9.1 


9.9 

4.7 

5.2 

6.2 

11.4 
11.4 


8.6 
4.3 

4.3 
5.9 

10.2 

10.2 


9.6 
4.3 

5.3 

3.4 

8.7 
.1 

8.6 


7.9 
4.3 

3.6 
3.0 

0.6 
1.1 

7.7 


7.2 
7.5 

.3 

3.8 

3.5 
3.5 


13.2 
6.7 

6.5 
5.1 

11.6 
.1 

11,7 


17.1 


Cash Dividends 


4.7 


Undistributed Profits 


12 4 


Depreciation Charges 


7.1 


Other Non-cash Charges Against Current Income (2)(I) . . . . 

Total Funds From Current Income 

Issue of Common Stock 


19.5 

1.0 


Total Net Sources of Funds 


20.5 


Net Use of Funds 

Investment in Plant, Propertv and Equipment 


2.0 
3.5 
3.0 

.4 

.2 

2.6 

2.5 
5.8 

3.3 


1.7 

2.4 

.2 

.3 

.9 

3.1 

2.2 

5.3 


2.9 

7.1 

.3 

.1 
5.5 

4.1 
1.3 

5.4 


5.9 

11.8 

.1 

1.3 
.2 
.2 

16.5 
7.4 

9.1 


5.0 
7.4 

.3 
1.5 

.2 

5.2 

8.6 
2.8 

11.4 


2.9 
8.8 

.9 
1.9 

.2 

3.2 

16.1 
5.9 

10.2 


2.3 
4.8 

.6 
1.6 

.2 

1.6 

.3 
8.3 

8.6 


7.5 

2.7 

.4 

.7 

.2 

5.3 

5.0 
2.7 

7.7 


9.4 

14.6 

1.1 

.1 

.1 

.1 

25.2 
21.7 

3.5 


13.8 

19.2 

2.5 

17.5 

7.4 

5.6 
6.1 

11.7 


17.8 


Investment in Inventories 


1.8 


Investment in Other Companies 


.7 


Investment in Refundable Excess Profits lax 


1 


Redemption of Funded Debt 


.5 


Redemption of Preferred Stock 


.1 


Increase in Misc. Assets (less Misc. Liabilities) 


7.7 


Sub-Total 

increase in Working Capital ex. Inventories' 6 ) 


9.8 
10.7 


Total Net Uses of Funds 


20.5 






YEAR! 


END B 


ALAN 


CE Sti 


[EET 

















Net Working Capital and Other Assets 

ih 



Marketable Securities 

Current Accounts Receivable. 
Government Account (Net). . 
n ven tones' 6 ' 



Total Current Assets 

'urrent Accounts Payable 

lank Loans 

.ccrued Taxes Payable 

ccrued Interest and Dividends Payable 



Net Working Capital 

(•fundable Portion of Excess Profits Tax 

lant, Property and Equipment (Net)'' 1 

lvestment in Other Companies (Net)' 8 ' 

liscellaneous Assets Less Miscellaneous Liabilities" 1 



Total . 



Capital and Surplus 

unded Debt' 10 ' 

>ans from Parent and Other Companies (Net). 

"eferred Stock Outstanding 

jninion Stock Outstanding 

irncd Surplus and Surplus Reserves"" 



Total . 



12.6 
14.5 
12.2 

17.5 

56.8 
3.6 

.2 
1.7 

.3 

51.0 

31.7 

8.7 

.5 

91.9 



1.2 

.6 

;:.i 

47.0 
40.0 

91.9 



12.6 
17.2 
13.8 

19.9 

63.5 
5.4 

.2 
1.8 

.5 

55.6 

31.0 

9.0 

.4 



95.2 



1.5 

.8 

2.0 

47.5 

43.4 



13.1 
18.0 
24.0 

27.0 

82.1 

9.1 

.4 

8.3 



03.6 

30.7 
9.0 
5.9 



97.4 



1.4 
.8 

2.2 
48.1 
44.9 



95.2 97.4 



11.0 
18.1 
31.6 

38.8 

99.5 

13.3 

2.0 

16.1 

.6 

67.5 

31.7 
9.3 
5.6 



102.9 



2.8 

1.0 

2.4 

48.1 

48.6 



102.9 



11.2 
19.7 
34.8 

46.3 

112.0 

20.5 

1.4 

12.0 



77.3 
1.6 

30.0 
9.0 

10.4 



107.5 



2.6 
1.0 
2.4 

48.1 
53.4 



107.5 



12.0 
20.1 
32.5 
2.9 
55.1 

123.2 

28.4 
2.1 
9.4 

.7 

82.6 
3.6 

27.0 
8.1 

10.1 



111.2 



2.3 
1.6 

2.4 

48.2 
56.7 



111.2 



17.9 
26.4 
25.2 
2.1 
50.2 

121.8 

25.5 

.6 

9.7 



85.3 
5.4 

25.2 
7.6 



115.8 



2.1 

1.5 

2.4 

49.2 

00.6 



115.8 



18.8 
24.3 
21.4 
.8 
53.0 

116.7 

22.2 

1.4 

5.0 



87.4 
4.8 

29.6 
7.6 

10.2 



119.2 



2.3 

.8 

2.4 

50.2 

63.5 



119.2 



9.0 
13.3 
27.3 

1.9 
67.6 

115.3 

24.9 

4.2 

6.1 



79.6 
4.5 

35.0 
8.7 
8.8 



119.0 



2.4 

1.0 

2.4 

50.3 

62.9 



119.0 



11.9 
7.7 

43.6 
1.9 

86.7 

148.0 

23.4 

10.4 

12.6 

.5 

101.1 
5.3 

42.6 
7.2 

11.1 



145.1 



19.9 
1.2 
2.4 

50.3 

71.3 



145.1 



ilc: for footnotes sec page 187 



195 



NOVEMBER 1949 



Millions of Dollars 



VI— FINANCIAL STATISTICS : 38 GOLD MINING COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 



1938 1939 1940 | 1941 



1942 1943 1944 1945 



1946 



1947 



Net Operating Profit (Before Depreciation)'" 

Depreciation' 2 ' 

Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision 10 

Income & E. P. Tax Provision (ex. Refundable Portion). . 



Net Income to Stockholders"' 

Net Income Paid Out in Cash Dividends 



Undistributed Income'". 



57.5 
8.2 

1.7 

.1 

50.9 



43.4 

37.5 

5.9 



56.7 

7.6 

3.0 

.1 



52.0 
8.8 

43.2 

40.4 

2.8 



58.4 

7.3 

3.9 

.1 



54.9 
14.2 



40.7 

36.8 

3.9 



54.1 
7.5 
4.5 



43.6 
7.2 
4.3 



51.1 
14.4 



40.7 
11.6 



36.7 

35.1 



29.1 

26.7 



1.6 



2.4 



32.4 
5.1 
3.8 



31.1 
8.7 



22.4 

21.9 



22.7 
3.4 
3.4 



22.7 
6.4 



16.3 

18.4 



2.1 



19.6 
3.2 
3.7 



14.4 
3.0 
3.4 



11.5 
3.2 

3.0 



20.1 
5.7 



14.8 
4.0 



11.3 

2.3 



14.4 

15.9 



10.8 

13.4 



9.0 

11.6 



1.5 



2.6 



2.6 



SOURCE AND USE OF FUNDS"' 



Net Source of Funds 

Net Income to Stockholders. . . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income ' (4) . 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities). 



Sub-Total 

Increase in Working Capital ex. Inventories' 5 '. 

Total Net Uses of Funds. 



43.4 
37.5 

5.9 
5.0 
3.2 

14.1 



14.1 



.5 
.9 

1.5 

1.0 

6.3 
7.8 



14.1 



43.2 
40.4 



2.8 
5.1 
2.5 



10.4 
.1 



10.5 



4.6 
3.0 
1.3 



2.2 



11.1 
.6 



10.5 



40.7 
36.8 



3.9 
5.4 
1.8 



11.1 

.8 

11.9 



4.2 

1.2 

.2 

1.7 



7.3 

4.6 



11.9 



36.7 
35.1 



1.6 
5.9 
1.5 



9.0 
.5 



9.5 



5.6 

1.5 

.7 



1.1 



9.1 
.4 



9.5 



29.1 
26.7 



2.4 
5.8 
1.3 



9.5 
.1 



9.6 



1.3 

1.0 

1.2 

.1 

.2 



2.6 
7.0 



9.6 



22.4 
21.9 



.5 
4.5 

.7 



5.7 
5.7 



.5 
2.5 
1.5 

.2 

1.0 



5.0 



5.7 



16.3 
18.4 



2.1 

2.9 

.5 



1.3 
1.1 



2.4 



1.1 

1.7 
.8 



.9 
3.3 



2.4 



14.4 
15.9 



1.5 

2.6 
.6 



1.7 
.6 



2.3 



1.2 

.2 
2.0 



3.4 
1.1 



2.3 



10.8 
13.4 



2.6 

2.1 

.9 



.4 
3.0 



3.4 



2.3 
7.1 
3.3 



2.6 



15.3 
11.9 



3.4 



9.0 
11.6 



2.0 
1.9 
1.3 



1.4 



2.5 
1.4 
3.6 

.2 

2.3 

9.6 
8.2 

1.4 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)'" 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'". 

Total 



27.6 

33.8 

.7 

12.4 

74.5 
4.2 

8.3 

4.8 
57.2 

94.8 

11.3 

7.5 

170.8 



30.9 

32.6 

.7 

15.4 



79.6 

4.0 

.1 

9.4 

6.4 

59.7 

94.0 

12.4 

7.3 

173.4 



28.5 

42.9 

.9 

15.4 



87.7 
4.2 

15.0 

4.8 

63.7 

92.8 

13.3 

6.8 

176.6 



22.6 

47.6 

1.0 

16.9 



88.1 
4.9 

14.4 

3.7 

65.1 

92.1 

13.7 

6.7 

177.6 



23.6 
45.9 

1.4 
15.8 



86.7 
4.2 

7.4 

3.2 

71.9 
.1 

87.5 

14.0 

6.3 

179.8 



21.7 

51.6 

1.0 

13.3 



87.6 
3.5 

5.8 

2.7 

75.6 

.1 

83.3 

15.3 

6.4 

180.7 



19.0 

56.8 

1.2 

11.6 



88.6 
3.4 

5.0 

1.9 

78.3 

.1 

81.5 

14.9 

6.6 

181.4 



18.1 

58.6 

1.3 

11.6 



89.6 

3.8 

.2 

4.7 

1.7 

79.2 

.2 

80.7 

16.2 

8.0 

184.3 



16.5 

44.4 

.8 

18.6 



80.3 

4.3 

.3 

3.0 

1.3 

71.4 

.2 

80.8 

19.4 

9.2 

181.0 



14.5 

38.4 

1.0 

20.1 



74.0 
4.1 
1.0 
2.3 

1.4 



65.2 

.1 

80.1 

22.9 

9.8 



178.1 



11. 
181. 



119. 
63. 



181. 



Capital and Surplus 

Funded Debt'"" 

Loans from Parent and Other Companies (Net). 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves"" 



Total. 



1.5 



112.1 
57.2 

170.8 



1.3 



112.2 
59.9 

173.4 



1.1 



112.9 
62.6 

176.6 



113.5 
63.3 

177.6 



113.6 
65.6 

179.8 



113.6 
66.7 

180.7 



114.7 
66.5 

181.4 



115.3 
69.1 

184.3 



117.9 
63.6 

181.0 



.2 

1.0 

118.7 
60.2 

178.1 



Note: for footnotes see page 1X7. 



NOVEMBER 1949 

VI— FINANCIAL STATISTICS 



196 



Millions of Dollars 



18 

Bank 
PROFIT STATISTICS 



NON-FERROUS METAL COMPANIES" 

of Canada 

: SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 | 1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation)'" 


80.3 

14.3 

3.6 

.1 

69.5 
12.9 

56.6 

54.9 

1.7 


97.3 

15.8 

4.8 

86.3 
17.7 

68.6 

54.2 

14.4 


114.0 

17.1 

5.0 

101.9 
34.5 

67.4 

55.1 

12.3 


136.6 

22.4 

6.2 

120.4 
46.3 

74.1 

57.2 

16.9 


142.0 

25.4 

3.9 

120.5 
47.5 

73.0 

57.2 

15.8 


132.1 

26.9 

4.4 

109.6 
41.5 

68.1 

57.7 

10.4 


108.4 

22.1 

6.2 

92.5 
34.0 

58.5 

52.2 

6.3 


102.5 

21.2 

5.8 

87.1 
30.0 

57.1 

51.9 

5.2 


108.1 

14.9 

6.5 

99.7 
31.3 

68.4 

57.9 

10.5 


158.5 

16.8 

6.9 

.1 

148.5 
46.9 

101.6 

76.1 

25.5 


192.4 




17.6 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision'" 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders'" 


8.3 
.2 

182.9 
50.8 

132.1 


Net Income Paid Out in Cash Dividends 


95.7 


Undistributed Income'" 


36.4 







SOURCE AND USE OF FUNDS'*' 
















Net Source of Funds 

Net Income to Stockholders 


56.6 
54.9 

1.7 
9.3 

5.0 

16.0 
.3 

16.3 


68.6 
54.2 

14.4 

10.4 

5.4 

30.2 
2.2 

32.4 


67.4 
55.1 

12.3 

11.3 

6.5 

30.1 
.2 

30.3 


74.1 
57.2 

16.9 

16.4 

6.5 

39.8 
39.8 


73.0 
57.2 

15.8 

19.5 

6.4 

41.7 
41.7 


68.1 
57.7 

10.4 

21.4 

5.4 

37.2 
37.2 


58.5 
52.2 

6.3 

16.4 

5.7 

28.4 
28.4 


57.1 
51.9 

5.2 

16.2 

4.9 

26.3 
26.3 


68.4 
57.9 

10.5 

11.0 

3.9 

25.4 
25.4 


101.6 
76.1 

25.5 

12.4 

4.4 

42.3 
42.3 


132 1 


Cash Dividends 


95.7 


Undistributed Profits 


36 4 


Depreciation Charges 


12.9 


Other Non-cash Charges Against Current Income (2) (4) . . . . 
Total Funds From Current Income 


4.7 
54.0 


Issue of Common Stock 


.6 


Total Net Sources of Funds 


54.6 






Net Use of Funds 

Investment in Plant, Property and Equipment 


18.4 
5.7 
1.9 

.4 

2.1 

23.9 
7.6 

16.3 


14.7 
2.0 

4.0 

.2 

3.5 

20.4 
12.0 

32.4 


13.4 
7.5 
2.1 

.3 

1.5 

24.8 
5.5 

30.3 


15.3 

.4 
2.8 

.6 
.1 
.8 

18.4 
21.4 

39.8 


18.9 
10.3 

1.8 
.1 
.4 
.1 

31.4 
10.3 

41.7 


13.2 

.6 

1.1 

2.3 

1.2 

18.4 
18.8 

37.2 


10.3 
4.5 

.5 
1.5 

.1 

1.4 

9.3 
19.1 

28.4 


5.6 

3.6 

.8 

.4 

3.0 

7.4 
18.9 

26.3 


15.1 

3.6 

.3 

3.2 
3.0 

6.1 

12.7 
12.7 

25.4 


23.3 

17.0 

5.6 

2.5 

2.1 

34.3 
8.0 

42.3 


25.9 


Investment in Inventories 


17.3 


Investment in Other Companies 


3.7 


Investment in Refundable Excess Profits Tax 


.8 


Redemption of Funded Debt 


.2 


Redemption of Preferred Stock 


_ 


Increase in Misc. Assets (less Misc. Liabilities) 


1.7 


Sub-Total 


48.0 


Increase in Working Capital ex. Inventories' 5 ' 


6.6 


Total Net Uses of Funds 


54.6 







/ 





YEAR-END BALANCE SHEET 
















Net Working Capital and Other Assets 

Cash 


54.4 
10.1 
10.6 
66.3 

141.4 

10.1 

,2 

14^8 

3.4 

112.9 

219.9 

26.5 

4.6 

363.9 


65.5 
9.2 

17.4 
64.3 

156.4 

11.3 

.2 

19.0 

2.9 

123.0 

216.6 

27.6 

1.7 

368.9 


77.9 
17.0 
21.7 
71.7 

188.3 

14.8 

.3 

34.7 

2.6 

135.9 

215.3 

29.2 

1.4 

381.8 


94.6 
31.3 
28.6 
72.2 

226.7 

18.1 

.4 

48.0 

2.7 

157.5 

212.3 

29.7 

1.6 

397.9 


72.7 
47.6 
34.3 
82.4 

237.0 

19.6 

.3 

35.9 

2.6 

178.6 
1.8 

209.3 

28.1 

3.1 

414.7 


71.8 
61.9 
32.7 
83.0 

249.4 

18.5 

.4 

30.0 

2.6 

197.9 

4.2 

198.8 

28.0 

3.9 

425.0 


81.6 
67.7 
32.7 
78.4 

260.4 

16.4 

.3 

26.5 

5.2 

212.0 

5.5 

184.9 

26.5 

5.1 

423.8 


79.9 
88.0 
29.0 
82.1 

279.0 

15.5 

.3 

23.4 

5.2 

234.6 

5.8 

171.8 

26.2 

4.6 

433.8 


106.2 
84.4 
29.2 
85.7 

305.5 

18.1 

,2 

23^3 

8.4 

255.5 

5.3 

173.9 

28.2 

6.0 

456.9 


116.1 
98.0 
34.6 

102.7 

351.4 

23.4 

.9 

29.2 

16.4 

281.5 

4.2 

182.5 

31.2 

6.2 

493.2 


120.6 


Marketable Securities 


98.8 


Current Accounts Receivable 


51.0 


Inventories' 6 ' 


119.9 




Total Current Assets 


390.3 






26.8 




'ank Loans 


1.3 






37.9 




jovernment Account (Net) 


_ 






20.8 




Net Working Capital 


303.5 




Refundable Portion of Excess Profits Tax 


3.3 




■"lant, Property and Equipment (Net)' 7 '. . 


190.1 




nvestment in Other Companies (Net)' 8 ' 


39.9 




•liscellaneous Assets Less Miscellaneous Liabilities' 9 ' .... 
Total 


6.4 
530.4 










Capital and Surplus 

unded Debt' 10 ' 


1.4 

35.4 
136.7 
190.4 

363.9 


1.2 

1.6 

35.7 

137.9 

195.7 

368.9 


1.0 

.3 

35.6 

138.0 

207.5 

381.8 


.4 

.1 

35.5 

138.0 

223.9 

397.9 


.3 

o 

35.2 
138.0 
241.4 

414.7 


.3 

.3 

35.2 

137.9 

251.9 

425.0 


.2 

20.6 

33.7 

139.1 

271.4 

423.8 


.1 

17.7 

33.7 

139.1 

278.6 

433.8 


3.3 

10.9 

30.9 

139.1 

294.5 

456.9 


5.9 

9.8 

30.9 

139.1 

327.1 

493.2 


5.7 




.oans from Parent and Other Companies (Net) 


8.1 






30.9 






139.7 






362.2 




Total 


530.4 















ote: for footnotes see page 187. 



197 



NOVEMBER 1949 



" \'0' 



Millions of Dollars 



VI— FINANCIAL STATISTICS : 11 PETROLEUM COMPANIES" 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation)'" 


19.7 

8.3 

25.6 

.9 

36.1 
5.3 

30.8 

38.5 

7.7 


24.0 

8.3 

18.3 

.8 

33.2 
5.9 

27.3 

31.6 

4.3 


30.4 
9.2 
13.7 

.8 

34.1 
11.1 

23.0 

21.2 

1.8 


32.1 

9.8 

14.0 

.8 

35.5 
14.0 

21.5 

17.9 

3.6 


37.1 

11.4 

9.8 

.8 

34.7 

14.7 

20.0 

18.0 

2.0 


41.4 

12.4 

9.4 

.9 

37.5 
15.5 

22.0 

18.0 

4.0 


40.9 

11.2 

9.2 

.9 

38.0 
16.3 

21.7 

17.8 

3.9 


39.5 

10.0 

9.6 

.9 

38.2 
15.2 

23.0 

18.6 

4.4 


48.0 

10.8 

6.2 

1.0 

42.4 
16.6 

25.8 

18.8 

7.0 


52.9 
12.0 

5.8 
1.1 

45.6 
15.3 

30.3 

19.2 

11.1 


59 1 


Depreciation o> 


15.2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision ' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders" 1 


7.1 
1.9 

49.1 
14.4 

34.7 


Net Income Paid Out in Cash Dividends 


20.0 


Undistributed Income'" 


14.7 







SOURCE AND USE OF FUNDS'" 



& 



Net Oj 

Deprci 



fetft 

pi 

Set In 
Itl In-. 



Net Source of Funds 

Net Income to Stockholders. . . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income < 2) '*>. 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds 



Net Use of Funds 

Investment in Plant, Property and Equipment , 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities). 

Sub-Total 

Increase in Working Capital ex. Inventories' 5 '. . 



Total Net Uses of Funds. 



30.8 
38.5 

7.7 

8.3 

.1 

.7 
3.0 

3.7 



11.8 
4.2 
6.5 

2.5 

.1 

2.6 

1.3 

2.4 

3.7 



27.3 
31.6 



4.3 

8.2 

.1 



4.0 
.1 



4.1 



10.6 
2.4 
5.1 

2.0 
2.7 



18.8 
14.7 

4.1 



23.0 

21.2 



1.8 

9.1 

.1 



11.0 
1.4 



12.4 



11.0 

6.3 

.3 

.4 
.1 
.9 



17.6 
5.2 

12.4 



21.5 
17.9 



3.6 

9.6 

.2 



13.4 



13.4 



11.6 
2.1 
8.0 

1.2 
.1 
.5 



7.5 
5.9 

13.4 



20.0 
18.0 



2.0 

11.2 

.2 



13.4 



13.4 



14.3 
3.7 
5.0 

.1 

1.6 
.1 

1.0 



3.2 
10.2 

13.4 



22.0 
18.0 



4.0 

12.2 

.2 



16.4 
16.4 



6.6 
2.2 

3.1 

.4 

1.8 
2.6 



6.9 
9.5 

16.4 



21.7 
17.8 



3.9 

11.0 

.2 



15.1 
15.1 



9.4 

5.7 

.3 

.3 

1.7 

1.1 



18.5 
3.4 

15.1 



23.0 
18.6 



4.4 

9.9 

.1 



14.4 
1.0 



15.4 



12.2 
2.9 
2.6 
.6 
3.4 
1.0 
2.5 



11.2 
4.2 

15^4 



25.8 
18.8 



7.0 

10.8 

.1 



17.9 
.2 



18.1 



29.1 
7.8 
7.8 

8.5 
2.1 
1.6 



36.7 
18.6 

18.1 



30.3 

19.2 



11.1 

11.9 

.1 



23.1 
1.9 



25.0 



48.4 

34.8 

3.5 

32.8 

11.0 

.6 



43.5 
18.5 

25.0 



34.7 

20.0 

14.7 

15.2 

.1 



30.0 
8.6 



38.6 



46.9 

34.0 
26.3 

5.2 
5.0 
5.4 



Nl 

Set lira 



Jther X; 
be gf i 



ivestmei 
avestuei 
tvesuiei 

Eemptj 

Wemptit 
::ra-e it 



.4 
38.6 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 



Cash 

Marketable Securities 

Current Accounts Receivable. 
Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)"' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneaus Assets Less Miscellaneous Liabilities'" 

Total 



16.2 
19.5 
16.8 
43.8 

96.3 

8.7 

.4 

5.9 

1.0 

80.3 

91.1 
66.7 
10.8 

227.3 



8.3 
11.2 
21.3 
46.2 

87.0 

11.6 

.3 

7.0 

1.0 

67.1 

93.4 
69.9 
12.1 

218.3 



9.1 

10.6 
23.6 
52.5 

95.8 

13.8 

.3 

12.0 

1.0 

68.7 

95.0 
69.3 
11.1 

221.9 



23.1 

6.8 

28.1 

54.6 

112.6 
19.5 

15.1 

1.0 

77.0 

96.6 
61.3 
10.7 

224.2 



19.0 

7.3 

44.7 

50.9 

121.9 
26.6 

10.6 

1.1 

83.6 
.1 
99.3 
55.8 
11.9 

226.9 



28.6 
11.5 
35.8 
53.1 

129.0 
21.1 

11.3 

1.2 

95.4 

.4 

91.3 

52.4 

9.8 

229.7 



32.1 
11.5 
31.8 
58.8 

134.2 
23.8 

10.2 

1.0 

99.2 

.4 

87.8 

51.7 

8.9 

230.2 



26.5 
25.0 
27.3 
61.8 



140.6 

22.6 

1.0 

9.2 

1.5 

106.3 
1.0 

90.1 

49.0 

9.4 

237.0 



14.9 
18.4 
33.2 
69.4 

135.9 
28.6 

10.5 

1.1 

95.7 

1.0 

109.1 

56.8 
8.0 

254.6 



20.8 

4.4 

44.9 

104.3 



174.4 
49.8 

11.6 

1.2 

111.8 
1.0 

145.8 
60.3 

7.4 

311.5 



| NbiW 

17.1 

5.9 

50.5 

138.3 

211.8 To 
53.0 

2.5' ukloiBi 
9.2 : tmedTa, 

3Wd Intt 

145.6 

■ 9 

179.0 

78.S 

398.C 



Capital and Surplus 

Funded Debt" ' 

Loans from Parent and Other Companies (Net). 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 1 " 



Total. 



20.2 

.5 

10.9 

116.6 

79.1 

227.3 



22.2 
.3 

10.9 

114.5 

70.4 

218.3 



22.5 

.4 

10.8 

116.0 

72.2 

221.9 



21.4 

.4 

10.7 

116.0 

75.7 

224.2 



22.9 

.4 

10.6 

116.0 

77.0 

226.9 



24.6 

.1 

10.6 

116.0 

78.6 

229.7 



22.9 

.6 

10.6 

116.0 

81.3 

230.2 



26.3 

.3 

11.6 

117.0 

82.4 

237.0 



34.9 

.5 

10.0 

117.1 

93.1 

254.6 



08.0 
.7 

21.0 
119.0 
104.2 

311.5 



Capita 

Si 

™ "fcdSu, 
398.J 



Note: for footnotes sec page 187. 



*•' f« f o 



NOVEMBER 1949 



Millions of Dollars 



198 



VI— FINANCIAL STATISTICS : 30 CHEMICAL COMPANIES" 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 




13.0 

2.5 

.6 

^2 

10.9 
2.0 

8.9 

11.0 

2.1 


17.3 

2.7 

1.1 

.2 

15.5 
3.4 

12.1 

9.3 

2.8 


20.4 

3.0 

1.0 

.2 

18.2 
7.4 

10.8 

9.0 

1.8 


24.6 

3.8 

1.2 

.1 

21.9 
10.6 

11.3 

8.6 

2.7 


23.0 

4.7 

1.1 

.1 

19.3 
9.1 

10.2 

8.1 

2.1 


22.0 

5.3 

1.1 

.1 

17.7 
8.6 

9.1 

5.0 

4.1 


22.7 

4.0 

.9 

.1 

19.5 
9.6 

9.9 

9.7 

.2 


22.5 

3.6 

1.0 

.1 

19.8 
9.5 

10.3 

7.4 

2.9 


25.0 

3.9 

1.9 

.1 

22.9 
10.4 

12.5 

8.7 

3.8 


29.8 

6.0 

2.8 

.3 

26.3 
11.0 

15.3 

11.3 

4.0 


36 4 




7.2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 

Net Income to Stockholders* 1 ' 


1.3 

.3 

30.2 
11.6 

18.6 


Net Income Paid Out in Cash Dividends 


11.1 


Undistributed Income'" 


7.5 







SOURCE AND USE OF FUNDS") 



Net Source of Funds 

Net Income to Stockholders. . . . 
Cash Dividends 



Undistributed Profits 

Depreciation Charges 

Other Non-cash Charges Against Current Income (2) (4) . 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds. 



8.9 
11.0 

2.1 
2.5 



.4 
.6 

1.0 



12.1 
9.3 

2.8 
2.7 



5.5 

.4 



5.9 



10.8 
9.0 

1.8 
3.0 



4.8 

.7 



5.5 



11.3 
8.6 

2.7 
3.8 



6.5 
.5 



7.0 



10.2 
8.1 

2.1 

4.7 



6.8 
.2 



7.0 



9.1 
5.0 

4.1 
5.3 



9.4 



9.4 



9.9 
9.7 

.2 

4.0 



4.2 
.1 



4.3 



10.3 
7.4 

2.9 
3.6 



6.5 
2.3 



8.8 



12.5 

8.7 

3.8 
3.9 



7.7 
4.3 



12.0 



15.3 
11.3 

4.0 
6.0 



10.0 
2.6 



12.6 



Net Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

■ Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities). 

Sub-Total 

Increase in Working Capital ex. Inventories' 5 '. , 



Total Net Uses of Funds. 



3.7 

.6 

2.6 

.2 



.7 
.3 

1.0 



2.9 

2.3 

.8 

.2 
.1 
.9 

7.2 
1.3 

5.9 



5.4 
4.5 
2.6 



11.9 

6.4 

5.5 



4.9 

1.7 

.2 

.1 

.1 



6.2 
.8 

7.0 



5.4 

1.8 

1.4 

.3 

.2 

.1 

1.1 

7.5 
.5 

7.0 



1.8 
4.3 
.1 
.6 
.2 
.2 
1.4 

2.8 
12.2 

9.4 



2.7 

.1 
.8 
.3 
.1 
.3 

3.7 
.6 

4.3 



54 

2.0 

.7 

.2 

1.0 

1.8 

9.1 
.3 

8.8 



17.5 
5.0 
1.3 

3.9 

2.2 
.1 

22.0 
10.0 

12.0 



12.2 
9.6 
1.7 

3.2 
3.5 
3.3 

13.5 
.9 

12.6 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 
-ash 



Marketable Securities 

Current Accounts Receivable. 
nventories' 6 ' 



Total Current Assets 

-urrent Accounts Payable 

5ank Loans 

vccrued Taxes Payable 

jovernment Account (Net) 

\ccrued Interest and Dividends Payable. 



Net Working Capital 

'.efundable Portion of Excess Profits Tax 

'Iant, Property and Equipment (Net)'" 

nvestment in Other Companies (Net)' 8 ' 

liscellaneous Assets Less Miscellaneous Liabilities'". 



Total. 



Capital and Surplus 

unded Debt' 10 ' 

oans from Parent and Other Companies (Net). 

I referred Stock Outstanding 

ommon Stock Outstanding 

arned Surplus and Surplus Reserves' 11 ' 



10.3 
6.4 
8.9 

17.5 

43.1 

4.0 

.2 

2.2 



36.5 

32.5 
6.5 
6.0 

81.5 



11.5 

5.7 

11.0 

19.7 

47.9 

6.2 

.5 

3.6 



37.4 

32.7 

7.4 
5.3 

82.8 



11.4 

3.0 

12.1 

24.3 

50.8 

6.5 

.9 

7.9 



35.3 

35.5 
9.8 

4.2 

84.8 



10.8 

4.9 

15.1 

26.0 

56.8 
8.1 



38.1 

37.1 
9.9 
3.2 

88.3 



8.0 

7.9 

13.9 

27.8 

57.6 
9.2 
2.2 
6.3 



39.7 
.3 

37.9 
8.5 
2.2 

88.6 



12.5 
14.3 
13.4 
23.5 

63.7 

8.2 

1.3 

6.4 

.7 

.2 

46.9 
.9 

34.9 
8.7 
1.0 

92.4 



12.4 
18.6 
12.1 
23.5 

66.6 
8.9 
2.7 
6.7 



47.3 
1.7 

33.5 
8.8 



91.3 



12.9 
19.6 
12.8 
23.5 

68.8 

10.0 

3.0 

6.3 

.7 

1.6 

47.2 

2.4 

35.5 

10.8 

2.6 

98.5 



9.3 
14.2 
15.3 
28.4 

67.2 

11.6 

3.1 

7.2 

.5 

2.2 

42.6 

2.3 

49.6 

12.1 

2.5 

109.1 



11.1 
10.1 
20.6 
38.1 

■ 79.9 
14.5 
4.3 
7.1 
1.5 
2.2 

50.3 

2.1 

55.8 

13.5 

2.2 

123.9 



4.6 

.1 

17.8 

23.6 

35.4 



4.4 

.7 

17.7 

24.1 

37.3 



Total. 



81.5 



82.8 



4.2 

17.7 
24.7 
38.2 

84.8 



4.0 

.5 

17.6 

25.3 

40.9 

88.3 



3.8 
.8 

17.5 
25.4 

42.7 

88.6 



3.6 
.3 

17.4 
25.4 
46.3 

92.4 



3.3 
.6 

17.3 
25.6 
45.7 

91.3 



3.2 
.5 

18.3 
28.2 
48.3 

98.5 



7.0 

1.0 

16.8 

32.5 

51.8 

109.1 



10.3 
3.3 
20.5 
35.1 
54.7 

123.9 



Dte: for footnotes see page 187. 



199 NOVEMBER 1949 

VI— FINANCIAL STATISTICS : 64 WHOLESALE TRADE & SERVICE COMPANIES* 

Bank af Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation)' 1 ' 


3.7 
.9 
.5 
.1 

3.2 
.6 

2.6 

1.8 

.8 


6.2 

1.1 

.4 

5.5 
1.3 

4.2 
1.5 

2.7 


7.3 
1.2 
1.3 

7.4 
3 . 1 

4.3 

2.3 

2.0 


10.6 

1.3 

.5 

9.8 
5.3 

4.5 

1.6 

2.9 


12.2 
1.3 

.7 

11.6 

0.7 

4.9 

2.0 

2.9 


12.6 
1.2 
1.3 

12.7 
7.6 

5.1 

2.4 

2.7 


12.0 

1.1 

.8 

11.7 

7.0 

4.7 

2.0, 

2.1 


13.0 

1.1 
.7 

12.6 
7 2 

5.4 
2.6 

2.8 


17.2 

1.5 

.8 

2 

16.3 

8.4 

7.9 

4.1 

3.8 


18.8 

1.9 

.9 

2 

17.6 
8.7 

8.9 

5.6 

3.3 


20.5 
2 1 




Investment and Other Non-Operating Income (Net) 

Hond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision"' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . . 

Net Income to Stockholders 11 ' 


1.0 

.2 

19.2 
7.0 

12.2 

4 8 


Net Income Paid Out in Cash Dividends 


Undistributed Income' 1 ' 


7 4 







SOURCE AND USE 


OF FUNDS' 3 
















Net Source of Funds 

Net Income to Stockholders 


2.6 
1.8 

.8 
.9 

1.7 

1.7 


4.2 
1.5 

2.7 
1.1 

3.8 

3.8 


4.3 
2.3 

2.0 
1.2 
1.5 

1.7 

.3 

1.4 


4.5 
1.6 

2.9 
1.3 
1.5- 

5.7 
5.7 


4.9 

2.0 

2.9 
1.3 

4.2 

4.2 


5.1 
2.4 

2.7 

1.2 

3.9 
.1 

4.0 


4.7 

2.6 

2.1 
1.1 

3.2 

3.2 


5.4 
2.6 

2.8 
1.1 

3.9 
.1 

4.0 


7.9 

4.1 

3.8 
1.5 

5.3 
.3 

5.6 


8.9 

5.6 

3.3 
1.9 

5.2 
1.6 

6.8 


12 2 


Cash Dividends 


4.<s 




7 4 


Depreciation Charges 


2 1 


Other Non-cash Charges against Current Income' 2 ' (4) . . . . 
Total Funds From Current Income 


9 5 


Issue of Common Stock 


3 


Total Net Sources of Funds 


9.8 


Net Use of Funds 

Investment in Plant, Property and Equipment 


1.1 
1.9 
1.3 

.2 

.4 

1.1 
.6 

1.7 


1.0 

3.9 

.6 

.1 

.8 

3.6 
.2 

3.8 


1.0 

1.0 

.8 

.2 

.5 

1.9 
.5 

1.4 


1.0 
5.2 

.4 

.1 

.1 

1.0 

5.0 

.7 

5.7 


.9 
1.7 
2.2 
.5 
.1 
.1 
.4 

1.7 
2.5 

4.2 


1.4 
.8 
.2 
.9 
.5 
.3 
.8 

3.9 

.1 

4.0 


.1 

.1 

1.0 
.2 
.1 

1.1 

3.2 
3.2 


2.0 

.8 

4.0 

1.0 

5.7 

.9 

.8 

3.8 

2 

4.0 


4.9 

8.3 

.5 

.8 
.8 
.6 

13.1 
7.5 

5.6 


4.7 
5.1 
3.1 

.4 
1.1 
1.5 

0.7 
.1 

6.8 


2.0. 




5.3; 


Investment in Other Companies 




Investment in Refundable Excess Profits Tax 


4 


Redemption of Funded Debt 




Redemption of Preferred Stock 


1 


Increase in Misc. Assets (less Misc. Liabilities) 


9 


Sub-Total 


6.3 


Increase in Working Capital ex. Inventories' 5 ' 


3.5 


Total Net Uses of Funds 


9.8 






YEAR- 


END I 


\ ALAN 


CE SI 


IEET 

















Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 ' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets less Miscellaneous Liabilities'" 

Total 



2.7 

.3 

15.7 

17.1 

35.8 
7.1 
3.4 
1.0 



24.0 

14.1 

7.7 
1.0 

46.8 



3.9 

.4 

16.6 

21.0 

41.9 
8.9 
2.7 
1.5 

.4 

28.4 

14.0 

7.1 

.9 

50.4 



3.7 

.8 
18.1 
22.0 

44.6 
9.6 
2.2 
3.2 



29.1 

13.7 
6.3 

.7 

49.8 



5.5 

2.2 

19.5 

27.2 

54.4 

11.0 

2.1 

6.0 

o 



34.6 

13.3 
5.9 



54.6 



9.1 

4.1 
16.5 
25.5 

55.2 

11.2 

1.9 

6.0 



35.6 
.5 

12.8 

8.1 

.9 

57.9 



7.9 
8.6 

14.4 
26.3 

57.2 

11.4 

2.0 

6.4 



36.7 
1.4 

13.0 
8.0 
1.4 

60.5 



8.4 

9.8 

15.0 

26.3 

59.5 

10.7 

1.9 

5.7 

.3 

.8 

40.1 
2.4 

11.9 

8.1 

.9 

63.4 



8.6 
11.7 
16.0 
27.1 

63.4 

12.5 

2.2 

6.0 



41.8 

3.2 

12.8 

12.2 

1.0 

71.0 



6.1 

7.8 
21.6 
35.4 



70.9 

15.9 

4.4 

6.6 

.1 

.6 

43.3 

3.2 

16.0 

12.7 

1.0 

76.2 



6.3 

7.9 

24.1 

40.5 



78.8 

16.5 

6.4 

o.l 



48.8 
3.1 

18.9 

9.8 

.4 

81.0 



Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves" 1 ' 



Total. 



1.4 

2.6 

13.1 

17.0 

12.7 

46.8 



1.2 

2.9 

13.1 

17.1 

16.1 

50.4 



1.0 

2.3 

13.0 

16.8 

16.7 

49.8 



.8 

3.2 

13.0 

16.8 
20.8 

54.6 



.7 

3.8 

12.9 

16.8 

23.7 

57.9 



.2 

3.8 

13.2 

16.9 

26.4 

60.5 



.3 

4.4 

13.2 

16.1 

29.4 

63.4 



6.0 

4.0 

13.1 

15.3 

32.6 

71.0 



6.9 

4.4 

11.8 

16.4 

36.7 

76.2 



6.4 

6.5 

10.9 

18.0 

39.2 

81.0 



Note: for footnotes see page 187. 





NOVEMBER 1949 

VI— FINANCIAL STATISTICS : 32 RETAIL TRADE & SERVICE COMPANIES 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 


* 


200 




Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 




Net Operating Profit (Before Depreciation)' 1 ' 


10.6 
3.2 

.7 
1.7 

6.4 
1.2 

5.2 

3.1 

2.1 


12.3 
3.3 

.8 
1.9 

7.9 
1.9 

6.0 

3.4 

2.6 


14.6 

3.5 

.8 

1.9 

10.0 

4.4 

5.6 

3.2 

2.4 


17.8 

3.8 

.8 

1.8 

13.0 
6.3 

6.7 

3.3 

3.4 


22.1 

3.8 

.9 

1.8 

17.4 
10.1 

7.3 

3.6 

3.7 


24.5 
3.7 
1.0 
1.7 

20.1 
12.4 

7.7 
4.1 

3.6 


26.1 

3.4 

.9 

1.5 

22.1 
13.1 

9.0 

4.8 

4.2 


29.2 
3.4 
1.1 
1.4 

25.5 
15.6 

9.9 

4.9 

5.0 


32.8 
3.7 
1.3 
1.0 

29.4 
14.2 

15.2 

6.2 

9.0 


31.4 
4.0 
1.6 

.7 

28.3 
12.1 

16.2 

8.0 

8.2 


36 2 




Deoreciation(2) 


5.0 


[Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision 1 " 

Income & E. P. Tax Provision (ex. Refundable Portion). . 

M»t Inrntnc to Stockholders'" 


1.3 

.8 

31.7 
12.6 

19.1 




Net Income Paid Out in Cash Dividends 


7.1 




Undistributed Income' 1 ' 


12 










SOURCE AND 


USE 


OF FUNDS' 3 


















Net Source of Funds 

^let Income to Stockholders 


5.2 
3.1 

2.1 

3.0 

.3 

5.4 
5.4 


6.0 
3.4 

2.6 
3.2 

.4 

6.2 
.2 

6.4 


5.6 
3.2 

2.4 
3.4 

.4 

6.2 
6.2 


6.7 
3.3 

3.4 

3.7 

.3 

7.4 
7.4 


7.3 

3.6 

3.7 

3.8 

.3 

7.8 
7.8 


7.7 
4.1 

3.6 

3.7 

.3 

7.6 
7.6 


9.0 
4.8 

4.2 

3.4 

.3 

7.9 
.1 

7.8 


9.9 
4.9 

5.0 

3.4 

.3 

8.7 
.9 

9.6 


15.2 
6.2 

9.0 

3.6 

.3 

12.9 
6.7 

19.6 


16.2 
8.0 

8.2 
4.0 

12.2 

12.2 


19.1 






7.1 




Jndistributed Profits 


12.0 




)epreciation Charges 


5.0 




)ther Non-cash Charges against Current Income' 2 ' < 4 '. . . . 
Total Funds From Current Income 


17.0 




ssuc of Common Stock 


.1 




Total Net Sources of Funds 


17.1 




Net Use of Funds 

nvestment in Plant, Property and Equipment 


2.0 
.1 

1.4 
.1 

.7 

2.7 
2.7 

5.4 


2.7 
2.5 
1.1 

2.9 
.2 
.1 

7.3 
.9 

6.4 


3.9 

2.7 

.2 

2.5 
.1 
.1 

9.1 
2.9 

6.2 


5.6 
5.4 

.5 
.6 
.8 

11.9 
4.5 

7.4 


1.8 
.3 
.2 
.8 

1.6 
.3 
.1 

3.9 
3.9 

7.8 


2.6 
.9 
.3 
1.9 
1.8 
.2 
.5 

4.4 
3.2 

7.6 


4.3 

2.3 

.2 

2.0 

1.8 

.2 

.7 

5.1 
2.7 

7.8 


4.2 

1.7 

.6 

2.6 

3.8 

.6 

.6 

12.9 
3.3 

9.6 


6.7 

10.1 

.8 

.1 

7.5 
.1 
.1 

25.4 
5.8 

19.6 


11.1 

4.2 

.8 

8.4 

1.4 

.5 

9.6 
2.6 

12.2 


11.5 


investment in Inventories 


4.1 


nvestment in Other Companies 


.2 


ivestment in Refundable Excess Profits Tax 


.3 


edemption of Funded Debt 


2.5 


cdemption of Preferred Stock 


.9 


i lcrease in Misc. Assets (less Misc. Liabilities) 


1.1 


Sub-Total 


13.2 


lcrease in Working Capital ex. Inventories' 5 ' 


3.9 




Total Net Uses of Funds 


17.1 










year- 


END I 


J ALAN 


CE SI 


1EET 


















net Working Capital and Other Assets 

ash 


8.6 

2.1 

12.1 

17.1 

39.9 

10.7 

1.5 

1.6 

1.5 

24.6 

72.8 

6.5 

10.0 

113.9 


9.4 

1.9 

12.2 

19.7 

43.2 

11.5 

2.0 

2.2 

1.3 

26.2 

72.3 
5.4 
9.3 

113.2 


9.5 

2.9 

13.1 

22.3 

47.8 

13.5 

1.8 

4.7 

1.8 

26.0 

72.4 
5.0 
9.2 

112.6 


11.2 

2.7 

10.9 

27.7 

52.5 

14.2 

2.7 

6.8 

2.0 
26.8 

74.2 
5.0 
9.6 

115.6 


10.6 
7.7 
8.9 

27.4 

54.6 

13.8 

_.8 

7.5 

2.1 

30.4 
.8 

72.2 
4.8 
9.1 

117.3 


11.2 

11.6 

7.4 

26.5 

56.7 

14.0 

.7 

8.1 

1.2 

32.7 

2.8 

71.1 

4.4 
9.0 

120.0 


13.5 

11.8 

7.6 

24.3 

57.2 

14.0 

.4 

8.4 

1.4 

33.0 
4.9 

71.9 
4.6 
8.2 

122.6 


11.0 

11.8 

9.1 

26.0 

57.9 

15.1 

.5 

9.4 

.6 

32.3 
7.5 

72.4 

3.9 

10.4 

126.5 


16.7 

7.5 

11.2 

36.1 

71.5 

20.2 

4.0 

6.5 

1.0 

39.8 
6.2 

75.3 
4.7 
9.1 

135.1 


17.6 
5.5 

19.4 
40.3 

82.8 

24.1 

4.4 

6.0 

1.0 

47.3 
6.0 

82.5 
5.5 
8.8 

150.1 


19.3 




iarketable Securities 


7.0 




urrent Accounts Receivable 


27.4 




iven tones' 6 ' 


44.4 




Total Current Assets 


98.1 




urrent Accounts Payable 


• ) 1( [ 




ink Loans 


-1 (i 






7 8 




Dvernment Account (Net) 






xrued Interest and Dividends Payable 


1 2 




Net Working Capital 


55.4 




■fundable Portion of Excess Profits Tax 


5.6 


I ant, Property and Equipment (Net)' 7 ' 


90.7 


vestment in Other Companies (Net)' 8 ' 


5.7 


iscellaneous Assets less Miscellaneous Liabilities' 9 ' 

Total 


9.4 
166.8 






Capital and Surplus 

inded Debt' 10 ' 


33.4 

7.5 
23.4 
30.4 
19.2 

113.9 


34.8 
7.5 
20.1 
30.7 
20.1 

113.2 


32.2 
7.5 
20.1 
30.7 
22.1 

112.6 


32.7 
7.6 
19.5 
31.7 
24.1 

115.6 


31.1 
7.5 
19.2 
32.5 
27.0 

117.3 


29.8 
7.4 
19.4 
32.0 
31.4 

120.0 


28.2 
7.3 
19.7 
31.9 
35.5 

122.6 


25.6 
7.2 
19.1 
32.8 
41.8 

126.5 


18.1 
7.1 
19.0 
39.6 
51.3 

135.1 


26.6 
6.2 
17.8 
39.7 
59.8 

150.1 


29.1 


ians from Parent and Other Companies (Net) 


5.9 


I eferred Stock Outstanding 


17.9 


i immon Stock Outstanding 


40.6 


rued Surplus and Surplus Reserves' 11 ' 


73.3 


Total 


166.8 







1 te: for footnotes see page 187. 



201 



Millions of Dollars 



VI— FINANCIAL STATISTICS : 22 

Bank 
PROFIT STATISTICS 



NOVEMBER 
ELECTRICAL UTILITY COMPANIES* 

of Canada 

: SUMMARY STATEMENT 



1949 



Fiscal Year Nearest to Calendar Year 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 


1948 


Net Operating Profit (Before Depreciation)" 1 


43.4 

10.1 

1.5 

18.8 

16.0 
3.2 

12.8 

12.0 

.8 


41.7 
9.9 
1.6 

17.3 

16.1 
3.2 

12.9 

11.5 

1.4 


49.7 

12.2 

1.5 

18.1 

20.9 

7.7 

13.2 

12.9 

.3 


55.3 
13.6 

1.2 
17.8 

25.1 
11.1 

14.0 

11.0 

2.4 


64.2 

14.5 

1.2 

17.5 

33.4 
17.5 

15.9 

10.3 

5.6 


62.3 

15.6 

1.8 

17.1 

31.4 
15.4 

16.0 

11.0 

5.0 


57.7 

15.8 

1.8 

16.8 

26.9 
11.9 

15.0 

11.8 

3.2 


59.8 

15.7 

2.1 

16.3 

29.9 
14.6 

15.3 

12.2 

3.1 


59.5 

16.1 

2.6 

15.3 

30.7 
13.7 

17.0 
13.1 

3.9 


56.0 

15.1 

3.2 

13.4 

30.7 
12.3 

18.4 

21.4 

3.0 


56.0 

15.9 

3.3 

14.2 

29.2 
11.0 

18.2 

14.0 

4.2 




Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchanges Amortization of Discount) 

Net Profit before Income & E. P. Tax Provision' 11 

Income & E. P. Tax Provision (ex. Refundable Portion). . . 








SOURCE AND USE 


OF FUNDS'^ 

















Net Source of Funds 


12.8 
12.0 

.8 

10.1 

.8 

11.7 
.8 

12.5 


12.9 
11.5 

1.4 

9.9 

.5 

11.8 

.2 

12.0 


13.2 
12.9 

.3 

12.2 
.6 

13.1 
.1 

13.2 


14.0 
11.0 

2.4 

13.6 

.6 

16.6 
16.6 


15.9 
10.3 

5.6 

14.5 
.5 

20.6 
20.6 


16.0 
11.0 

5.0 

15.6 

.5 

21.1 
21.1 


15.0 
11.8 

3.2 

15.8 
.5 

19.5 
.1 

19.4 


15.3 
12.2 

3.1 
15.7 

.7 

19.5 

.2 

19.3 


17.0 
13.1 

3.9 

16.1 

.8 

20.8 
.2 

21.0 


18.4 
21.4 

3.0 

15.1 

.7 

12.8 
.2 

12.6 


18 2 


Cash Dividends . 


14.0 




4 2 




15 9 


Other Non-cash Charges against Current Income* 21 (4) . . . . 
Tot^l Funds From Current Income 


20 9 




(j 


Total Net Sources of Funds 


21.5 


Net Use of Funds 

Investment in Plant Property and Equipment 


9.6 

.1 

2.7 

2.4 

.3 

3.0 

17.3 

4.8 

12.5 


7.2 

.2 

5.8 

.6 
3.8 

1.5 

8.5 
3.5 

12.0 


8.1 

.4 

6.0 

5.3 

3.0 

4.8 
8.4 

13.2 


8.9 

.9 

3.7 

10.9 

1.9 

15.1 
1.5 

16.6 


6.5 

.1 

.6 

1.3 

8.1 

.6 

17.0 
3.6 

20.6 


4.4 

.1 

1.6 

1.6 

11.2 

.7 

16.2 
4.9 

21.1 


7.8 
.3 

.4 

.7 

5.6 

.3 

14.5 
4.9 

19.4 


10.2 

1.0 

.3 

1.2 

2.3 

1.2 

11.6 

7.7 

19.3 


23.2 

2.7 

.1 

.2 

6.4 

.5 

1.3 

30.8 
9.8 

21.0 


34.5 

4.6 

.5 

15.6 

29.8 

4.5 

1.3 
13.9 

12.6 


74.9 




2.1 


Investment in Other Companies 


5 4 


Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 


•7 
43.5 


Redemption of Preferred Stock 


4.5 


Increase in Misc. Assets (less Misc. Liabilities) 


9.0 


Sub-Total 


31.9 


Increase in Working Capital ex. Inventories 151 


10.4 


Total Net Uses of Funds 


21.5 







YEAR-END BALANCE SHEET 
















Net Working Capital and Other Assets 

Cash 


10.0 
3.5 

7.7 

5.7 

26.9 
5.5 
1.7 
4.3 
5.9 

9.5 

620.6 
35.1 
39.6 

704.8 


12.9 
3.0 
8.3 

5.9 

30.1 

6.3 

.9 

3.8 

6.4 

12.7 

616.6 
40.9 
45.3 

715.5 


25.2 
3.5 
9.2 

6.3 

44.2 

8.4 

.4 

7.6 

6.4 

21.4 

611.6 
34.9 
42.3 

710.2 


25.8 

7.0 
10.1 

7.2 

50.1 

10.9 

.4 

9.2 

6.1 

23.5 

006.6 
31.2 
41.1 

702.4 


24.1 
13.7 
10.3 

7.1 

55.2 

12.4 

.6 

8.7 

6.3 

27.2 
1.3 

598.6 
31.5 
40.1 

698.7 


24.9 

19.2 

9.6 

6.9 

60.6 

12.6 

.8 

8.5 

6.1 

32.6 

2.9 

587.3 

30.3 

39.0 

692.1 


23.2 

24.4 

8.9 

7.2 

63.7 

11.2 

.3 

7.6 

5.9 

38.7 

3.5 

579.1 

30.8 

37.5 

689.6 


21.8 
38.5 
10.0 

8.2 

78.5 

14.3 

.1 

9.6 

7.1 

47.4 

4.7 

573.5 

31.0 

41.3 

697.9 


26.9 

24.8 

9.9 

.6 

10.9 

73.1 

14.8 

.6 

9.8 

5.2 

42.7 

4.8 

580.2 

31.1 

42.9 

701.7 


37.6 
30.0 
11.2 
1.1 
15.5 

95.4 

17.4 

.6 

9.3 

6.1 

62.0 

4.8 

601.2 

31.5 

42.4 

741.9 


4?,( 


Marketable Securities 


19: 


Current Accounts Receivable 


i? f 


Government Account (Net) 


ij 


Inventories' 61 


17t 


Total Current Assets 


93.; 

22 .( 
l.( 
9.i 
6.' 

53.' 

4. 

659. 

26. 

50. 

793. 


Current Accounts Payable 


Bank Loans 


Accrued Taxes Payable 


Accrued Interest and Dividends Payable 


Net Working Capital 


Refundable Portion of Excess Profits Tax 


Plant, Property and Equipment (Net) (7) 


Investment in Other Companies (Net)' 81 


Miscellaneous Assets less Miscellaneous Liabilities" 1 

Total 






Capital and Surplus 

Funded Debt' 101 


387.8 
3.4 

49.7 

234.3 

36.4 

704.8 


393.8 
1.8 

53.5 
234.5 

35.5 

715.5 


388.5 
.5 

52.8 
233.3 

35.1 

710.2 


377.2 
2.4 

52.8 
233.0 

37.0 

702.4 


369.0 
2.3 

52.8 
232.9 

41.7 

698.7 


358.8 
2.1 

52.8 
232.9 

45.5 

692.1 


353.8 
2.6 

52.8 
232.8 

47.6 

689.6 


362.3 
1.7 

52.8 
232.6 

48.5 

697.9 


359.7 

3.6 

53.3 

232.7 

52.4 

701.7 


377.0 
.5 

82.4 
232.5 

49.5 

741.9 


421. 

87! 

233.: 

51. 

793. 


Loans from Parent and Other Companies (Net) 


Preferred Stock Outstanding 


Common Stock Outstanding 

Earned Surplus and Surplus Reserves" 11 


Total 



Note: for footnotes see page 187 



NOVEMBER 1949 



202 



VII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 


Car 
Loadings 


Value 

of 
Department 


Employ- 
ment 
Index 

(3) 


Aggregate 
Payrolls 










News- 


Central 


Index 




Gold 


Nickel 


Steel 


Print 
(i) 


Electric 
Stations' 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 
June 1, 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




Millions 


June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




of Dollars 


1941 = 100 


1941 = 100 


Annual Totals' 4 






















1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


— 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


. 2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,528 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 


* 


* 


















Oct. 1949 


3,959 


131 


3,222 


5,178 


41,523 


452 


3,940 


84S 


128.7 


213.4 


Monthly 






















1948— Apr. 


286.1 


13.3 


264.3 


418.2 


3,319 


33.2 


334 


65.3 


122.2 


184.8 


May 


288.5 


11.4 


289.6 


420.8 


3,455 


51.8 


325 


65.2 


122.1 


188.0 


June 


290.1 


10.4 


259.4 


415.1 


3,331 


40.9 


342 


63.4 


125.9 


195.4 


July 


296.2 


10.5 


244.9 


424.5 


3,355 


38.3 


337 


48.3 


129.7 


203.5 


Aug. 


305.5 


9.0 


263.1 


422.3 


3,408 


44.5 


344 


54.4 


131.6 


207.2 


Sept. 


295.0 


9.9 


257.9 


408.8 


3,363 


34.1 


378 


70.7 


132.2 


209.3 


Oct. 


306.9 


10.3 


281.9 


435. S 


3,538 


32.1 


388 


82.4 


133.1 


215.7 


1949— Apr. 


326.9 ' 


10.6 


270.0 


442.4 


3,517 


36.4 


309 


75.0 


122.9 


206.5 


May 


332.4 


11.2 


293.2 


442.7 


3,580 


48.2 


313 


72.2 


123.8 


207.3 


June 


343.3 


10.6 


270.5 


437.0 


3,481 


46.9 


322 


67.2 


127.4 


209.0 


July 


326.3 


9.6 


238.8 


421.5 


3,362 


52.2 


307 


49.9 


130.3 


217.0 


Aug. 


359.1 


8.9 


248.7 


446.8 


3,534 


55.9 


351 


57.2 


130.8 


218.2 


Sept. 


364.3 


9.5 


240.7 


415.2 


3,496 


50.8 


363 


76.2 


132.4 


222.0 


Oct. 






258.9 


435.7 


3,628 


44.7 


370 


82.9 


132.3 


223.6 



(1) Source: Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. (3) 8 Leading industries. 
First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. *12-Months ending Sept. 1949. 



INDUSTRIAL EMPLOYMENT ' 

MANUFACTURING JUNE l . 1941 = 100 NON-MANUFACTURING* 



140 



130 



120 



110 



100 













\ 










A 

\ \ 
\ \ 

1 X 




MONTHLY 






1 } 


1 

V 

\ 
\ p 


J/ 


— 12-MONTH 
AVER 


MOVING 












= 1 1 1 


1 1 1 


\ \ 


1 1 


1 1 1 















MONTHL 


Y — 






^Im 












1 1/ 
















\ y \ 














// 

// 




























/ / 


/ 

t 














/ / 
I J f 




•> — (2-rv 


ONTH MOVIN 
AVERAGE 


G 






1/ 


/ 












*x 
















1 1 1 


1 1 1 


1 1 1 


1 1 1 


1 I \1 



140 



30 



120 



110 



100 



OMJSDMJSDMJ SDMJSOMJSO DMJSDMJ SOMJ S 

1945 1946 1947 1948 1949 1945 1946 1947 

(1) First ot month figures plotted at end ot previous month. 
* Includes Construction, Logging. Mining, Communications, Transportation, Service. Trade and Finance 



D M J S 
1948 



M J S D 
1949 



203 



NOVEMBER 1949 



VIII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistics™ Board of Trade™ 





Farm 


Raw 




Manu- 






Products 

• 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180.6 


162.7 


154.2 


167.4 


1948 


229.6 


216.0 


202.4 


184.3 


198.9 


Monthly 












1948-Sept. 


236.2 


225.2 


206.6 


189.0 


205.4 


Oct. 


232.7 


226.7 


207.0 


189.4 


206.6 


Nov. 


232.4 


227.1 


206.9 


189.1 


206.7 


Dec. 


233.6 


226.3 


207.0 


189.1 


206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


186.6 


204.3 


May 


225.2 


220.6 


205.9 


187.0 


202.9 


June 


230.2 


221.6 


209.6 


186.7 


202.7 


July 


231.4 


222.4 


211.4 


186.7 


203.1 


Aug. 


225.9 


219.2 


207.0 


187.0 


201.7 


Sept. 


222.6 


219.1 


205.6 


186.3 


201.6 


Oct. 


219.7 


222.0 


203.9 


187.8 


203.8 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


190.1 


221.6 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


222.1 


195.4 


228.1 


209.0 


232.9 


212.3 


233.3 


212.2 


230.4 


211.7 


230.2 


209.9 


231.3 


220.2 


237.8 



U.S.A. 

Bureau of Labor Statistics™ 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.7 


249.9 


235.7 


236.3 


197.9 


209.3 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.7 


217.7 


205.9 


186.1 


196.5 


224.3 


215.9 


205.9 


184.7 


194.7 


225.3 


216.0 


207.1 


183.0 


193.2 


222.1 


214.2 


205.3 


182.0 


191.7 


218.7 


212.5 


203.9 


180.8 


190.6 


213.6 


210.0 


203.0 


180.4 


189.7 


214.6 


210.9 


204.8 


181.3 


190.7 


210.0 


208.7 


201.8 


180.1 


188.8 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926 = 100. 

(2) Adjusted to 1935-39 = 100 from base 1913 = 100 in 1929 and from base 1930 = 100 thereafter. 

(3) Adjusted to 1935-39 = 100 from base 1926 = 100. 

* An independent series with different weighting and different prices from those included in the "Total Index" 
is not entirely comparable with the U.S.A. "Farm Products Index". 



Prices include subsidies. The series 



Index 1935-39 = 100 



IX— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


First of Month 
















1948— June 


193.9 


124.3 


174.8 


120.9 


162.0 


122.7 


154.3 


July 


201.3 


124.5 


175.4 


120.9 


162.8 


123.1 


156.9 


Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar. 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 


Sept. 


207.0 


130.1 


183.5 


123.9 


167.4 


128.9 


162.3 


Oct. 


205.0 


134.1 


184.1 


123.9 


107.2 


130.2 


162.2 


Nov. 


203.3 


135.1 


183.7 


123.9 


167.4 


130.2 


161.7 






♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1,000-$1 ,600 most common. 



NOVEMBER 1949 



204 



Millions of Dollars 



X— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 





TOTAL EXPORTS (EXCLUDING GOLD) TO 








U.K. 


Union 


Other 


Western 


Central 


All 






U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 




All 








cies 


South 
Africa 


Area 
(3) 


Colonies 
(4) 


South 
America 


(5) 


Countries 


Calendar Years 




















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 




















Oct. 1949 


1,510 


716 


76 


82 


163 


270 


135 


117 


3,069 


Monthly 




















1948-July 


120.9 


54.9 


7.4 


6.6 


8.0 


32.2 


11.4 


10.2 


251.6 


Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.7 


300.1 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.5 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949-Jan. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.8 


Mar. 


123.9 


«44.6 


7.2 


4.9 


13.6 


12.1 


10.0 


10.0 


226.2 


Apr. 


113.7 


58.4 


5.7 


6.5 


13.1 


22.3 


10.5 


6.5 


236.6 


May 


125.8 


74.3 


8.1 


11.0 


13.0 


27.4 


13.2 


5.4 


278.3 


June 


113.1 


61.1 


6.3 


11.8 


15.2 


31.0 


14.5 


6.4 


264.5 


July 


107.1 


67.1 


5.3 


9.4 


14.7 


26.5 


9.2 


5.4 


244.7 


Aug. 


117.0 


65.6 


6.5 


6.8 


8.4 


20.6 


15.1 


7.1 


247.2 


Sept. 


116.7 


58.3 


6.2 


3.7 


10.0 


19.3 


9.5 


9.3 


233.8 


Oct. c6) 


150.6 


73.0 


4.7 


4.3 


8.2 


15.3 


10.4 


8.2 


274.8 



Net 
Non- 
Monetary 
Gold 
Exports 



96 

99 

119 

133 

10.8 
9.7 

11.9 
9.6 
9.1 

12.9 
9.7 
9.6 

12.1 
9.8 

12.4 
9.8 
9.4 

13.8 

11.2 

13.2 



Millions of Dollars 




MERCHANDISE IMPORTS* 2 '* 










TOTAL IMPORTS (EXCLUDING GOLD) FROM 








U.K. 


Union 


Other 


Western 


Central 


All 


Total 




U.S.A. 


U. K. 


Dependen- 


of 


Sterling 


Europe & 


and 


Other 


All 






(2) 




South 


Area 


Colonies 


South 














Africa 


(3) 


(4) 


America 


(5) 




Calendar Years 




















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















Sept. 1949 


1,954 


322 


109 


5 


80 


90 


190 


37 


2,786 


Monthly 




















1948-July 


149.5 


29.3 


10.5 


.2 


5.5 


5.1 


21.8 


3.2 


225.1 


Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24.0 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 


Feb. 


148.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 


Mar. 


169.0 


28.3 


7.6 


.6 


7.1 


7.2 


14.0 


2.1 


235.9 


Apr. 


177.3 


30.1 


7.7 


.5 


6.1 


7.2 


11.7 


2.1 


242.7 


May 


172.1 


29.5 


11.6 


.4 


8.2 


7.7 


17.0 


4.0 


250.5 


June 


176.9 


26.9 


11.0 


.5 


7.8 


8.4 


16.0 


3.0 


250.5 


July 


160.3 


29.3 


9.8 


.2 


5.3 


6.4 


16.8 


2.8 


230.8 


Aug. 


143.6 


25.5 


10.2 


.3 


6.3 


6.3 


15.3 


3.9 


211.4 


Sept. (6) 


158.0 


21.7 


9.5 


.2 


5.6 


6.4 


16.7 


3.3 


221.4 



Excess of 
Merch- 
andise 
Exports 

over 
Merch- 
andise 
Imports 



514 
225 
488 

308 

26.6 
19.3 
68.6 

56.7 

57.8 
85.6 

16.7 
2.9 
9.7 
6.0 

27.9 
14.0 
13.9 
35.8 
12.4 



1 Commencing April 1, 1949. external trade of Newfoundland is included 

and Canadian trade with Newfoundland, formerly in the "All Other" 

category, disappears. 
) Includes exports of foreign produce. In the case of wheat, export figures 

are based on Board of Grain Commissioners rather than Customs data. 
) Imports from the United Kingdom do not include articles imported for 

the use of the armed forces of the United Kingdom. In the years 1946 and 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. 

Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March 31, 

1949. 

Preliminary. 



205 



Millions of Dollars 



NOVEMBER 1949 
XI— MERCHANDISE EXPORll 

Compiled from "Trade of CanmMil 



Calendar 
Years 


Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 

FlourU) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 

and 

Hams 


Other 
Meats 


Cheese 


Other 

Milk 
Products 


Eggs 


SI 

Seeds f) 1 

(i ■ 
raw 


1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 




4 




1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 




1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


I 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 




1947 


32 


446 


12 


55 


15 


62 


41 


14 


16 


.37 


17 


! 


1948 


21 


382 


23 


74 


74 


70 


65 


12 


18 


39 


50 


12-Mthe. ending 


























Sept. 1949 


22 


521 


21 


60 


70 


18 


53 


22 


14 


23 


50 


1 


Monthly 

1948-July 


1.5 


25.8 


1.6 


3.4 


3.0 


3.6 


2.1 


.1 


1.8 


3.6 


2.0 


- 


Aug. 


1.1 


21.9 


1.3 


2.4 


5.0 


3.0 


3.1 


.5 


2.9 


2.2 


1.8 


>\ 


Sept. 


2.5 


28.3 


1.7 


6.2 


19.3 


2.5 


11.0 


4.0 


2.6 


3.8 


3.1 




Oct. 


3.6 


38.1 


2.2 


6.4 


14.0 


2.7 


9.0 


3.0 


2.3 


5.9 


4.0 


■ 


Nov. 


3.3 


44.6 


5.5 


8.2 


14.2 


1.7 


10.2 


2.1 


1.7 


2.4 


8.5 




Dec. 


3.3 


37.9 


£.5 


15.2 


5.9 


2.9 


7.5 


.7 


1.4 


.9 


11.2 


■ 


1949- J an. 


2.0 


41.0 


1.4 


1.4 


2.6 


3.0 


4.5 


- 


1.2 


3.1 


5.3 




Feb. 


1.2 


32.6 


1.2 


1.9 


2.2 


1.6 


2.3 


- 


1.1 


2.1 


5.2 




Mar. 


.9 


36.3 


1.1 


2.0 


3.7 


1.2 


2.6 


- 


.7 


.2 


5.3 


; 


Apr. 


.6 


39.3 


.8 


5.0 


3.9 


1.5 


2.1 


.5 


.5 


.8 


4.8 


; 


May 


.6 


59.0 


.7 


5.7 


3.5 


1.5 


2.4 


.8 


1.4 


.9 


2.1 


, 


June 


.7 


59.6 


.6 


3.9 


7.3 


.8 


2.7 


2.5 


1.1 


1.4 


1.9 


, 4 


July 


1.0 


49.2 


.6 


3.3 


4.7 


.6 


2.2 


5.4 


.7 


.9 


.8 


4 


Aug. 


2.5 


43.1 


.7 


2.5 


3.5 


.5 


3.5 


5.0 


1.2 


1.3 


.4 


4 


Sept. 


2.1 


40.1 


1.0 


4.4 


4.6 


.2 


4.1 


1.5 


1.0 


2.9 


.7 


' 6 


Calendar 
Years 


Artificial 
Silk 


Other 

Fibres 

& Textiles 

(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos. 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 
Products 


Copper 

and 
Products 


Lead 

and 

Products 


p.. 


1929 




8 


20 


7 


47 


_ 


16 


3 


15 


37 


11 




1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 


t 


1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


'' 15 


1946 


8 


42 


29 


16 


78 


34 


71 


21 


56 


37 


17 


! 2S 

* 30 


1947 


12 


35 


42 


41 


92 


15 


84 


19 


64 


59 


31 


1948 


7 


35 ' 


74 


41 


55 


21 


91 


17 


102 


79 


35 


42 


12-Mths. ending 


























Sept. 1949 




25 


98 


35 


49 


22 


105 


13 


98 


88 


42 


P 

" 2.8 

' 4.5 

4.3 


Monthly 

1948-July 


.6 


4.5 


6.7 


2.9 


4.6 


2.5 


6.6 


1.1 


8.5 


5.8 


2.9 


Aug. 


.4 


4.0 


4.4 


2.5 


3.7 


2.1 


5.3 


1.2 


8.8 


6.2 


3.5 


Sept. 


.4 


3.0 


6.9 


3.7 


1.3 


2.6 


7.5 


1.2 


7.5 


6.9 


3.7 


Oct. 


.5 


3.0 


7.2 


3.3 


4.9 


2.2 


8.4 


1.2 


9.8 


7.6 


2.8 


Nov. 


.4 


2.5 


5.2 


3.5 


5.6 


1.6 


10.2 


1.3 


9.2 


6.5 


4.7 


■ 4,0 
4.8 


Dec. 


.3 


2.6 


7.4 


4.4 


8.7 


1.8 


11.6 


1.7 


5.3 


8.1 


4.0 


1949- Jan. 


.2 


2.6 


7.8 


2.2 


4.3 


1.7 


9.1 


1.1 


5.5 


8.5 


6.0 


h 


Feb. 


.1 


1.7 


8.1 


2.5 


2.3 


1.2 


7.6 


1.1 


5.1 


4.6 


2.4 


' 3; 


Mar. 


.2 


1.9 


11.9 


2.8 


1.9 


2.1 


8.9 


1.3 


6.2 


6.6 


2.0 


u., 


Apr. 


.2 


1.2 


11.5 


3.1 


3.6 


1.7 


7.6 


1.0 


6.9 


7.7 


4.6 


May 


.2 


3.1 


12.0 


2.9 


2.6 


2.6 


7.4 


.9 


11.1 


8.7 


3.8 


5.? 


June 


.2 


2.3 


9.9 


3.5 


3.1 


1.9 


7.1 


1.0 


8.3 


6.3 


3.1 




July 


.2 


1.6 


s.l 


2.6 


5.4 


1.3 


10.9 


.7 


8.4 


7.8 


2.6 


u.j 


Aug. 


2 


1.1 


4.3 


1.7 


3.3 


2.1 


6.7 


.9 


12.6 


8.5 


1.5 


_ 


Sept. 


.1 


1.2 


4.S 


2.3 


3.1 


L.5 


9.8 


.8 


9.2 


7.2 


5.0 



(1) In the case of wheat for 1937, 46, 47. 48 & 49 export clearance figures are based on Board of Grain Commissioners rather than Customs data. (2) Ma- i""~- 

1680. 1700. 1710. 2005. 2015. 2020. 2025, 2060. 2065, 2070, 2075. 2080. 2085, 2090, 2095, 2100-2110, 2490, 2500-2525. 2750, 2795. 2805, 2810, 2825, 2840. 2» •.. 



NOVEMBER 1949 

HMODITY CLASSIFICATION 

I' •inion Bureau of Statistics 



206 



Millions of Dollars 



Fish 

(canned & 

salted) 



Furs 



24 
11 
16 

45 
44 
40 

49 

2.9 
2.3 
3.0 
3.8 
3.7 
3.2 

3.4 
3.2 
3.6 
3.2 

4.8 

4.6 
4.2 
4.5 
6.7 



Logs 

and 

Rounds 



23 

11 
18 

32 
29 

24 

21 

1.5 
1.8 
2.0 
.6 
.7 
2.3 

3.9 
2.5 
2.1 
1.5 
2.2 

1.5 
1.0 
1.0 
1.6 



10 
3 

7 

20 
24 
26 

21 

2.5 
1.7 
3.8 
2.2 
2.2 
1.4 

1.5 
1.0 
1.4 
1.4 
1.4 

1.7 
1.9 
3.0 
2.0 



Planks 

and 
Boards 



49 
13 
45 

125 
208 
196 

155 

17.3 
17.3 
21.3 
17.4 
15.5 
13.2 

11.1 
10.2 
11.1 
10.9 
12.5 

12.2 
12.5 
13.2 
15.0 



Pulpwood 



13 

5 
12 

29 
35 

44 

35 

5.3 
4.0 
6.0 
4.7 
3.9 
3.0 

2.8 
3.3 
3.0 
1.3 
1.2 

3.0 
3.1 
2.6 
2.7 



Wood Pulp 



44 
19 
42 

114 
178 
212 

178 

18.8 
16.2 
19.1 
17.2 
17.6 
18.1 

15.2 
15.4 
15.6 
12.9 
14.8 

13.7 

12.4 
13.1 
11.5 



Newsprint 



149 

83 

126 

266 
342 
383 

415 

31.0 
31.8 
36.9 
33.0 
34.5 
37.7 

29.9 
30.4 
33.7 

32.4 
38.6 

35.6 
36.0 
40.8 
32.7 



Other 
Paper 



6 
3 

10 

22 
31 
34 

23 

2.5 
2.9 
2.8 
2.6 
2.8 
2.9 

1.9 
1.4 
1.6 
1.9 
2.0 

1.8 
1.6 
1.3 
1.4 



Other 

Wood 

Products 



22 

8 

20 

50 
69 
60 

42 

4.8 
5.1 
4.7 
5.0 
4.8 
5.0 

2.8 
2.6 
3.2 
3.6 
3 2 

2.7 
2.7 
2.9 
3.0 



Alcoholic 
Beverages 



30 
12 
21 

36 

28 
29 

35 

2.5 
2.1 
2.4 
2.9 
3.9 
3.1 

3.1 
2.1 
3.4 

2.7 
2.7 

3.0 
2.6 
2.2 
2.9 




29 

3.1 
2.5 
3.0 
2.8 
2.8 
2.8 

2.0 
2.2 
2.4 
2.7 
2.1 

2.1 
2.5 
2.2 

2.1 



Calendar 
Years 



1929 
1932 
1937 

1946 
1947 
1948 

12-Mths. ending 

Sept. 1949 

Monthly 

July- 1948 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

Jan. -1949 

Feb. 

Mar. 

Apr. 

May 



June 
July 
Aug. 
Sept. 



IS 

s 

d) 


Zinc 

and 

Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 
Non- 
metallic 
Minerals 


Fertilizers 


Other 

Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


A!I 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold) 


Calendar 
Years 




9 


5 


13 


17 


7 


14 


1 





33 


37 


1,190 


1929 




4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 




15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 




28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 




30 


17 


33 


42 


34 


49 


26 


6 


94 


99 


2,858 


1947 


1 


42 


22 


42 


53 


36 


43 


84 


11 


93 


119 


3,209 


1948 

12-Mths. ending 




57 


19 


34 


43 


38 


33 


77 


19 


87 


129 


3,195 


Sept. 1949 




2.9 


2.1 


3.3 


4.3 


2.7 


3.7 


17.7 


.4 


8.2 


10.8 


259.8 


Monthly 

July-1948 




4.5 


1.7 


3.5 


3.9 


3.7 


3.3 


3.3 


.7 


7.3 


9.7 


233.0 


Aug. 


Li 


4.3 


1.6 


3.8 


6.3 


3.4 


3.5 


4.2 


.9 


8.3 


11.9 


299.1 


Sept. 


m' 


5.1 


2.1 


4.0 


5.3 


2.2 


3.6 


16.8 


.5 


7.1 


9.6 


306.7 


Oct. 




4.0 


2.6 


3.8 


5.7 


3.3 


3.2 


.1 


.8 


8.6 


9.1 


302.6 


Nov. 


1 


4.9 


1.6 


4.3 


5.4 


2.8 


3.2 


22.5 


.6 


9.9 


12.9 


327.5 


Dec. 


• 


5.8 


1.1 


2.8 


3.6 


3.7 


2.7 


.7 


.3 


7.8 


9.7 


248.0 


Jan.-1949 


: 


3.7 


.9 


2.2 


3.4 


3.2 


2.6 


2.5 


.4 


6.3 


9.6 


216.3 


Feb. 


i 


5.4 


1.2 


.9 


3.5 


4.7 


2.7 


.6 


.5 


5.9 


12.1 


236.1 


Mar. 


■ 


5.2 


1.5 


.9 


3.1 


4.9 


3.1 


7.2 


1.2 


6.0 


9.8 


243.9 


Apr. 


.( 


5.7 


1.8 


1.3 


3.3 


3.9 


3.0 


6.1 


1.6 


12.0 


12.4 


288.1 


May 


,i 


3.8 


3.3 


1.5 


2.8 


2.0 


2.3 


9.0 


2.5 


7.4 


9.S 


272.0 


June 


, 


4.2 


1.0 


3.6 


2.5 


1.8 


2.1 


2.9 


2.9 


5.5 


9.4 


251.7 


July 




4.4 


.9 


5.0 


2.5 


2.7 


2.0 


8.0 


5.2 


5.0 


13.8 


258.7 


Aug. 


,i 


4.3 


1.0 


4.2 


2.3 


3.3 


2.3 


.7 


2.4 


5.3 


11.2 


242.6 


Sept. 


•r e 


us listed in 
, 3160-3187. 


"Trade of ( 


Canada" un 


ier code nui 


nbers 180, 


600. 610, 691 


), 710. 790, 


1170, 1500- 


590, 1610, 


1620, 1630, 


1640, 1645, 


1650, 1660, 1670, 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 



Charts 



Pages 



I Bank of Canada : 

Liabilities and Assets 207-208 

Chartered Banks: Cash in Canada and Canadian Deposits . . 207 

Total Active Note Circulation 208 

II Chartered Banks: 

Liabilities and Assets 209-210 

III Money Supply and Related Bank Assets 209 - 210 

IV Security Prices: 

Government Securities Payable in Canada only . . ■ . . . . 211 

Yields of Government Bonds, Payable in Canada only . . . 211 

Government Securities, Canada, U.K. and U.S. A 212 

Yields of Government Bonds, Canada, U.K. and U.S.A. . . . 212 

V Government Bond Yields: Canada, U.K. and U.S. A 213 

VI Official Holdings of Gold and United States Dollars .... 213 

VII Business Activity 214 

Employment in Certain Manufacturing Industries . . . . 214 

VIII Wholesale Prices ... 215 

Wholesale Prices: Raw Materials, Manufactures and Food . . 215 

IX Cost of Living 216 

Cost of Living: Total and Food 216 

X Public Finance: Municipalities: 

Outstanding Debt 217 

Current Revenue and Expenditure 218 

XI Exports and Imports by Countries 219 

Exports, Imports and Balance 220 

XII Merchandise Imports 221 - 222 

XIII Wheat: World Supplies 223 

Wheat: World Supplies 223 

XIV U.S.A. Statistics: 

Employment, Production, Construction, Inventories, Income and Prices 224 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department Bank of Canada, Ottawa. 



DECEMBER 1949 



207 














DECEMBER 1949, DEC 


Millions of Dollars 


















l~Bi 







LIABILITIES 






Chartered Bank Cash 


Govt, of 
Canada 
Deposits 


Other 
Deposits 


Foreign 
Currency 
Deposits' 1 * 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


To 
Liabi 



Ass 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


L 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


6.6 


2! 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3: 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


4^ 


I0.S 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,41 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


i,w - 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8! 


1947 


152.9 


512.0 


664.7 


140.7 


65.8 


1.3 


1,009.1 


38.1 


1,9 


1948 


163.8 


541.6 


705.4 


90.5 


85.1 


.3 


1,055.6 


36.3 


1,9 


- 


End of 

1948— June 


157.2 


517.0 


674.2 


138.4 


107.2 


.2 


1,049.3 


31.5 


2,0 


. 


July 


158.1 


502.5 


660.6 


119.0 


84.1 


.1 


1,062.2 


32.1 


1,9! 


- 


Aug. 


176.0 


525.1 


701.1 


105.1 


90.3 


.1 


1,050.9 


36.1 


1,9 


Sept. 


172.2 


550.9 


723.1 


87.3 


78.2 


.2 


1,095.5 


44.6 


2,0 


- 


Oct. 


160.4 


581.0 


741.4 


110.0 


72.2 


1.0 


1,114.7 


40.3 


2,0 


- 


Nov. 


190.2 


579.6 


769.8 


86.5 


64.1 


.1 


1,083.3 


59.2 


2,0 


1949— June 


154.9 


568.3 


723.2 


112.2 


73.7 


67.7 


1,115.1 


44.1 


2,1 


. 


July 


172.8 


566.9 


739.7 


94.3 


73.8 


57.9 


1,098.2 


32.7 


2,0 


- 


Aug. 


198.7 


578.0 


776.7 


109.7 


61.8 


60.7 


1,071.0 


38.5 


2,1 




Sept. 


166.0 


611.5 


777.5 


141.0 


64.1 


65.6 


1,124.7 


44.2 


2,2 


- 


Oct. 


192.8 


626.0 


818.8 


66.1 


77.4 


70.4 


1,100.7 


58.4 


2,1 


- 


Nov. 


201.6 


544.7 


746.3 


27.2 


84.1 


71.6 


1,081.4 


45.1 


2,0 


(1) Includes foreign exc 
these orders the Bank's 


hange items for 
gold and foreig 


account of fon 
n exchange hole 


'ign clients and also Government of Canada and F.E.C.B. commencing March 31, 1949. -fcMay l'J pratija 
ings. over and above its short-term requirements and necessary working balances, were sold to the 


CHA 


iRTERED 


BANKS : 


CASH IN 


CANADA 


* AND CANADIAN 


DEPOSITS 







MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 







8000 112 



7500 



7000 



6500 



6000 



* See note (3) table II on page 210. 



DECEMBER 1949 
11IF CANADA 



208 

Millions of Dollars 



ASSETS 




\m 










Securities 
















Foreign* 1 * 














All 




h|Gold 


Silver 


Currencies 


Govt, of Canada 
and Provincial 


Ind. Dev. 
Bank 


Other 


Total 


Advances 


Other 




11 






Under 2 yrs. 


Over 2 yrs. 


Cap. Stock 


Securities 







Accounts 






















Average of 






















Month-end Figures 


4151.2 


1.4 


7.6 


27.4 


95.6 


- 


- 


123.0 


3.4 


3.9 


1935-10 Mths. 


2182.0 


2.5 


19.0 


59.7 


97.7 


- 


6.5 


163.9 


- 


5.9 


1937-12 Mths. 


E210.8 


- 


41.7 


142.8 


46.2 


- 


- 


189.1 


.2 


6.7 


1939 


• 




• 


• 


• 






• 








IB - 


- 


44.1 


831.1 


573.6 


2.5 


- 


1,407.1 


.4 


29.3 


1944 


f - 


- 


173.9 


1,028.5 


595.9 


10.0 


- 


1,634.4 


.5 


31.8 


1945 


,8 - 


- 


27.3 


1,247.3 


583.4 


11.7 


- 


1,842.4 


- 


29.1 


1946 


.8 - 


- 


1.5 


1,116.5 


756.6 


18.3 


- 


1,891.5 


.3 


26.5 


1947 


,1 - 


— 


.4 


1,133.3 


787.7 


25.0 


— 


1,946.0 


— 


26.7 


1948 

End of 


* - 


- 


.3 


1,152.9 


790.9 


25.0 


- 


1,968.8 


- 


31.7 


June— 1948 


i. - 


- 


.2 


1,145.2 


773.6 


25.0 


- 


1,943.7 


- 


14.1 


Julv 


■ - 


- 


.2 


1,155.2 


778.1 


25.0 


- 


1,958.3 


- 


25.1 


Aug. 


,i - 


- 


.3 


1,216.3 


757.2 


25.0 


- 


1,998.5 


- 


30.2 


Sept. 


u - 


- 


1.1 


"1,279.6 


741.3 


25.0 


- 


2,045.9 


- 


32.6 


Oct. 


y - 


- 


.1 


1,222.1 


794.0 


25.0 


- 


2,041.1 


- 


21.7 


Nov. 


l - 


- 


62.8 


1,379.6 


636.8 


25.0 


5.0 


2,046.4 


— 


26.8 


June— 1949 


i - 


- 


52.9 


1,499.2 


499.5 


25.0 


5.0 


2,028.7 


- 


15.0 


July 


.4 - 


- 


55.8 


1,557.2 


441.2 


25.0 


5.0 


2,028.5 


- 


34.1 


Aug. 


.1 - 


- 


60.1 


1,616.7 


421.2 


25.0 


5.5 


2,068.5 


- 


88.5 


Sept. 


,7 - 


- 


64.9 


1,710.6 


335.9 


25.0 


5.5 


2,077.0 


- 


49.7 


Oct. 


.9 - 


— 


66.2 


1,713.9 


221.5 


25.0 


5.5 


1,965.9 


— 


23.8 


Nov. 



•nequent figures give effect to the enactment, under the War Measures Act. of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under 
tigiange Control Board. Since that date the Bank's minimum gold reserve requirement has been suspended. 



TOTAL ACTIVE NOTE CIRCULATION* 



MILLIONS OF DOLLARS 

1125 



MILLIONS OF DOLLARS 

1125 




"DEC JAN FEB MAR 

* See note (5) table II on page 210. 



JUNE 



SEPT 



OCT 



NOV DEC- 



209 



DECEMBER 1949 I DE( 



31 

























II-CHA1 


)BA 


Millions of Dollars 




















Ba * 




LIABILITIES 




ISSfl 




Notes 


Deposits 


Cash 
in ( 3) 
Canada 


Securities 


. 




Demand 


Notice 
1,480 


Govt, of 

Canada 

and Prov. 


Canadian 
Deposits 

<n 


Foreign 


Total 
Deposits 

(2) 


Govt, of Canada 
and Provincial 


Foreign 
Govt. 


— 



ptal 
499 




Undrr2 yrs. 


Over 2 yrs. 


Average of 
Month-end figures 

1929 


178 


696 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


ft 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 




[ft 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


5; 287 


1947 


20 


2,139 


3,681 


404 


6,278 


851 


7,237 


665 


871 


2,524 


290 


-J 


108 


1948 


17 


2,259 


3,972 


355 


6,644 


817 


7,567 


705 


891 


2,423 


259 


<- 


120 


1948-June 


17 


2,214 


3,936 


379 


6,591 


838 


7,534 


674 


952 


2,382 


266 




H3 


July 


17 


2,112 


3,959 


375 


6,497 


831 


7,431 


661 


929 


2,408 


270 


l\ 


154 


Aug. 


17 


2,215 


4,003 


391 


6,653 


841 


7,606 


701 


967 


2,430 


264 




109 


Sept. 


17 


2,360 


4,049 


368 


6,830 


823 


7,752 


723 


952 


2,430 


256 


I 


185 


Oct. 


17 


2,341 


4,040 


417 


6,842 


804 


7,745 


741 


894 


2,466 


246 


t 


156 


Nov. 


16 


2,534 


4,086 


401 


7,090 


819 


8,005 


770 


927 


2,460 


242 


t 112 


1949-June 


15 


2,319 


4,330 


534 


7,287 


722 


8,112 


723 


1,079 


2,513 


240 


I. 196 


July 


15 


2,188 


4,341 


601 


7,221 


709 


8,022 


740 


1,123 


2,544 


238 


I, KO 


Aug. 


14 


2,315 


4,372 


611 


7,393 


703 


8,188 


777 


1,271 


2,468 


237 


£, 11 


Sept. 


14 


2,504 


4,411 


558 


7,573 


770 


8,447 


778 


1,172 


2,503 


238 


i S3 


Oct. 


14 


2,519 


4,453 


469 


7,541 


748 


8,395 


818 


997 


2,530 


247 


J, n 


Nov. 


14 


2,485 


4,447 


456 


7,487 


733 


8,322 


746 


1,060 


2,544 


248 


l !S 


(1) Estimated mon 
estimated month-enc 


tli-end dei 
1 Canadiar 


>osits payab 
deposits in 


e in Canadi 
1926-35 and 


an currency, 
monthly av 


erage Canad 


eludes int( 
an deposit 


:r-bank deposits. (3) 
s in 1936 and after. 


Until March 1935: Gold and Coin in ( 
5) Bank of Canada notes in public circijj n«d b 



MONEY SUPPLY J 

Be i 



UTEI 



Millions of Dollars 








MONEY SUPPLY 














Currency 
Outside Banks 


Bank Deposits 


Mom 








Chartered Banks 






Bank of 
























Canada 
"Other" 
Deposits 

(7) 


Total 


Supp 




Notes'" 


Coin") 


Total 


Demand (3) 


Active 
Notice' 41 


Other"' 
excl. Govt. 
of Canada 


Total 


Deduct 
Float* 


Net 
Total 


As at Dec. 31 


























1938 


207 


31 


238 


734 


187 


42 


963 


116 


847 


3 


850 


1,08 


1940 


341 


38 


379 


1,031 


203 


112 


1,346 


172 


1,174 


10 


1,184 


1,56 


1944 


930 


60 


990 


1,862 


363 


153 


2,378 


243 


2,135 


28 


2,163 


3,15 


1945 


992 


63 


1,055 


2,063 


474 


172 


2,709 


280 


2,429 


30 


2,459 


3,51 


1946 


1,031 


65 


1,096 


2,291 


614 


229 


3,134 


328 


2,806 


94 


2,900 


3,99 


1947 


1,046 


66 


1,112 


2,296 


597 


233 


3,126 


362 


2,764 


68 


2,832 


3,94 


1948 


1,115 


70 


1,185 


2,544 


649 


276 


3,469 


400 


3,069 


81 


3,150 


4,33 


1948-June 


1,067 


67 


1,134 


2,214 


628 


286 


3,128 


339 


2,789 


107 


2,896 


4,03 i 


July 


1,079 


68 


1,147 


2,112 


628 


270 


3,010 


239 


2,771 


84 


2,855 


4,00 


Aug. 


1,068 


67 


1,135 


2,215 


634 


254 


3,103 


280 


2,823 


90 


2,913 


4,04 


Sept. 


1,112 


68 


1,180 


2,360 


645 


267 


3,272 


377 


2,895 


78 


2,973 


4,15 


Oct. 


1,131 


70 


1,201 


2,341 


647 


239 


3,227 


292 


2,935 


72 


3,007 


4,20 


Nov 


1,100 


69 


1,169 


2,534 


651 


271 


3,456 


362 


3,094 


64 


3,158 


4,32 


1949-June 


1,130 


71 


1,201 


2,319 


670 


317 


3,306 


394 


2,912 


74 


2,986 


4,18 | 


July 


1,113 


71 


1,184 


2,188 


671 


291 


3,150 


235 


2,915 


74 


2,989 


4,17 


Aug. 


1,085 


70 


1,155 


2,315 


675 


289 


3,279 


308 


2,971 


62 


3,033 


4,18 


Sept. 


1,139 


72 


1,211 


2,504 


681 


305 


3,490 


396 


3,094 


64 


3,158 


4,36 


Oct. 


1,114 


73 


1,187 


2,519 


683 


325 


3,527 


414 


3,113 


77 


3,190 


4,37 


Nov. 


1 ,095 


73 


1,168 


2,485 


683 


312 


3,480 


356 


3,121 


84 


3,208 


4,37 



JitDsc. 



(1) Note Circulation of Bank of Canada and chartered banks, excluding 
notes held by chartered banks. 

(2) Subsidiary coin issued by the Mint less coin held by Bank of Canada 
and chartered banks in Canada 

(3) Chartered banks' public demand deposits in Canada. 

(4) Chartered banks' public notice deposits in Canada other than estimated 
aggregate quarterly minimum balances in personal savings accounts 
and non-personal notice deposits. 



(5) Chartered banks' Canadian dollar deposits of provincial governim i 
Canadian, United Kingdom, and foreign banks. 

(6) Cheques on banks as shown in chartered bank month-end return 
the Minister of Finance. 

(7) Bank of Canada Other Deposits as shown on published month- 
statements — i.e. excluding Government of Canada, chartered ba 
and foreign deposits. 

(8) Bank of Canada gold and foreign exchange holdings less the amoun 
foreign currency deposit liabilities. 



Jul; 

Sq 

Oct 

h 

-Jut 
Jul] 

;, 

Oci 



DECEMBER 1949 



210 



TEED BANKS 

ito anada 



ASSETS 




Loans 


Total 




CANADA 


ABROAD 


<s Total 


Call 


Current 

Public 


Current 

Other 


Call 


Current 


Assets 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


1 1,426 


107 


732 


117 


68 


165 


3,317 


) 1,287 
1 1,108 


132 


1,223 


44 


87 


155 


7,430 


104 


1,693 


54 


76 


198 


7,811 


1 1,120 


81 


1,923 


75 


74 


234 


8,140 


1 1,143 


84 


1,867 


63 


80 


231 


8,106 


1 1,154 


77 


1,877 


71 


71 


235 


7,996 


i 1,209 


77 


1,878 


80 


77 


239 


8,182 


J 1,185 


76 


1,931 


93 


70 


244 


8,323 


111,156 


97 


2,011 


99 


71 


241 


8,324 


i 1,212 


96 


2,129 


► 72 


80 


250 


8,579 


li,396 


72 


2,085 


110 


94 


215 


8,668 


i,460 


77 


2,082 


105 


90 


212 


8,570 


,527 


78 


2,060 


114 


84 


205 


8,734 


) ,463 


103 


2,184 


120 


97 


214 


8,979 


1 ,327 


137 


2,213 


124 


77 


214 


8,943 


1 ,395 


119 


2,250 


106 


91 


212 


8,873 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




Canada 


Deposits 


Canadian 


Note (S) 




(4) 


Deposits 


Circulation 












Average of 
Daily Figures 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


672 


5,916 


11.4 


992 


1946 


670 


6,209 


10.8 


1,013 


1947 


711 


6,547 


10.9 


1,053 


1948 


699 


6,427 


10.9 


1,037 


June-1948 


683 


6,557 


10.4 


1,053 


July 


696 


6,546 


10.6 


1,056 


Aug. 


717 


6,582 


10.9 


1,081 


Sept. 


735 


6,805 


10.8 


1,107 


Oct. 


755 


6,940 


10.9 


1,099 


Nov. 


769 


7,138 


10.8 


1,084 


June-1949 


755 


7,255 


10.4 


1,088 


July 


762 


7,256 


10.5 


1,081 


Aug. 


771 


7,312 


10.5 


1,100 


Sept. 


772 


7,442 


10.4 


1,111 


Oct. 


752 


7,443 


10.1 


1,099 


Nov. 



Id minion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Deposits, 
■ichartered bank note circulation, the latter being, since September 1944, an approximate figure only. 



(4) Figures given are annual averages of 



DELATED BANK ASSETS 

ojtada 







RELATED BANK OF CANADA AND CHARTERED 


BANKS ASSETS 


Millions of Dollars 




Government of Canada Securities, Gold and 


Exchange 


All other 
Loans 

and 
I nvest- 
ments 


Deduct 

Inactive 

Notice 

Deposits 

(14) 


Total 




Bank of/ 8 ' 
Canada 
Gold and 


Banking"' 
Securities 


Other Govt. Securities 


Total 


Deduct 

Govt. 

Deposits 


Net 
Total 


Related 
Bank 

Assets 




Bonds'"" 


Victory"" 
Loan 


Total 




Exchange 






Advances 






(12) 




(13) 






As at Dec. 31 






















1938 


214 


196 


753 


- 


753 


1,163 


79 


1,084 


1,628 


1,472 


1,240 


1940 38 


743/ 
2,32f 


' 737 


- 


737 


1,518 


32 


1,486 


1,720 


1,438 


1,768 


1944 


- 


2,006 


271 


2,277 


4,598 


720 


3,878 


1,593 


2,060 


3,411 


1945 


- 


1,696 


3,241 


411 


3,652 


5,348 


1,002 


4,346 


1,827 


2,391 


3,782 


1946 


- 


1,476 


3,745 


- 


3,745 


5,221 


366 


4,855 


2,297 


2,856 


4,296 


1947 


- 


811 


3,718 


- 


3,718 


4,529 


272 


4,257 


3,084 


3,143 


4,198 


1948 


- 


1,138 


3,834 


- 


3,834 


4,972 


320 


4,652 


3,341 


3,408 


4,585 


1948-June 


— 


1,178 


3,645 


- 


3,645 


4,823 


294 


4,529 


3,036 


3,308 


4,257 


July 


- 


1,138 


3,660 


- 


3,660 


4,798 


276 


4,522 


3,055 


3,331 


4,246 


Aug. 


- 


1,152 


3,709 


- 


3,709 


4,861 


287 


4,574 


3,078 


3,368 


4,284 


Sept. 


- 


1,142 


3,747 


- 


3,747 


4,889 


241 


4,648 


3,138 


3,403 


4,383 


Oct. 


- 


1,125 


3,801 


- 


3,801 


4,926 


331 


4,595 


3,236 


3,393 


4,438 


Nov. 


- 


1,145 


3,788 


- 


3,788 


4,933 


286 


4,647 


3,375 


3,435 


4,587 


,949-June 


_ 


1,034 


4,176 


- 


4,176 


5,210 


433 


4,777 


3,265 


3,660 


4,382 


July 


- 


1,027 


4,214 


- 


4,214 


5,241 


494 


4,747 


3,270 


3,669 


4,348 


Aug. 


- 


1,029 


4,281 


- 


4,281 


5,310 


526 


4,784 


3,256 


3,697 


4,343 


Sept. 




942 


4,353 


- 


4,353 


5,295 


493 


4,802 


3,400 


3,730 


4,472 


Oct. 


- 


1,039 


4,106 


- 


4,106 


5,145 


309 


4,836 


3,480 


3,770 


4,546 


Nov. 


- 


1,110 


4,005 


- 


4,005 


.1,115 


270 


4,845 


3,490 


3,764 


4,571 



m 



(9) Bank of Canada and Chartered bank holdings of Government of Canada 
Treasury Bills. Deposit Certificates. Treasury notes and any other 
short term issues sold direct to Bank of Canada and chartered banks. 

10) Bank of Canada and chartered bank holdings of Government of Canada 
direct and guaranteed securities other than those shown as banking 
issues and exclusive of any temporary advances in connection with 
purchase of Victory Loan issues. 

11) Chartered banks' temporary advances to the public in connection 
with the purchase of Victory Loan bonds at time of issue. 



(12) Canadian dollar deposits of the Government of Canada at chartered 
banks and Bank of Canada. 

(13) All loans in Canada of the chartered banks other than temporary 
advances in connection with Victory Loan issui s, plus chartered banks' 
holdings of provincial, municipal and "other" securities, and Bank of 
Canada holdings of Industrial Development Bank capital stock. 

(14) Estimated aggregate minimum quarterly balances in chartered banks' 
personal savings deposits in Canada plus non-personal notice deposits 
in Canada. 



211 



DECEMBER 1949 



IV— SECURITY PRICES 

Bank of Canada 





Government of Canada Bonds Payable in Canada Only 

Based on Middle of the Market quotations 




Average of Business Days 


15th of Each Month 




3% Perpetuals 


Theoretical 
15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 
2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


1947 


104.00 


1.73 


2.57 


2.25 


1.75 


1.43 


1948 


99.63 


3.01 


2.93 


2.72 


2.27 


1.44 


1949 


100.88 


2.93 


2.83 


2.64 


2.24 


1.66 


Monthly 

1949— Jan. 


99.70 


3.01 


2.91 


2.65 


2.27 


1.68 


Feb. 


99.85 


3.00 


2.90 


2.65 


2.26 


1.63 


Mar. 


99.88 


3.00 


2.88 


2.65 


2.27 


1.68 


Apr. 


99.88 


3.00 


2.88 


2.65 


2.28 


1.68 


May 


100.14 


2.99 


2.88 


2.67 


2.28 


1.68 


June 


100.45 


2.97 


2.89 


2.65 


2.28 


1.67 


July 


100.57 


2.96 


2.87 


2.67 


2.30 


1.68 


Aug. 


101.07 


2.92 


2.78 


2.62 


2.26 


1.69 


Sept. 


101.16 


2.91 


2.78 


2.65 


2.24 


1.63 


Oct. 


102.40 


2.82 


2.71 


2.59 


2.17 


1.63 


Nov. 


103.00 


2.78 


2.69 


2.56 


2.13 


1.65 


Dec. 


102.40 


2.82 


2.75 


2.63 


2.17 


1.65 



YIELDS OF GOVERNMENT OF CANADA BONDS : 1936-49 

PAYABLE IN CANADA ONLY 

Quotations for 1st and 15th of each month 



10% 



14% 



I 8% 



22% 




1936 1937 1936 1939 1940 1941 1942 1943 1944 1945 1946 1947 1946 1949 (950 



(1) Prior to 1940 figures are for the 1st of month. (2) 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of 
month. (3) Dec. 15. 



DECEMBER 1949 



212 



IV— SECURITY PRICES 

Bank of Canada 





Government Bonds 


3 Mon 


th Treasury Bills 






Average of E 


usiness Days 




Tender Rate Nearest 15th of Month 




Canada'" 


U. 


K.O) 


U.S.A.") 
























U K 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 








Annual Average 




















1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


1947 


104.84 


2.59 


104.04 


2.61 


104.18 


2.20 


.406 


.507 


.592 


1948 


100.80 


2.93 


101.63 


2.82 


101.17 


2.41 


All 


.509 


1.037 


1949 


101.54 


2.85 


100.00 


2.93 


103.21 


2.24 


.485 


.521 


1.096 


Monthly 








, 












1948— Sept. 


100.51 


2.95 


102.31 


2.75 


101.03 


2.42 


.412 


.514 


1.083 


Oct. 


100.41 


2.96 


102.90 


2.68 


101.03 


2.42 


.412 


.509 


1.118 


Nov. 


100.65 


2.94 


103.27 


2.64 


101.15 


2.41 


.413 


.504 


1.138 


Dec. 


100.75 


2.93 


103.42 


2.62 


101.34 


2.39 


.412 


.518 


1.153 


1949— Jan. 


100.72 


2.93 


103.55 


2.60 


101.60 


2.37 


.411 


.519 


1.160 


Feb. 


100.77 


2.93 


103.58 


2.60 


101.92 


2.35 


.415 


.524 


1.163 


Mar. 


100.80 


2.92 


103.54 


2.60 


102.05 


2.33 


.424 


.524 


1.162 


Apr. 


100.88 


2.91 


103.72 


2.58 


102.07 


2.33 


.489 


.510 


1.153 


May 


100.88 


2.91 


103.50 


2.60 


102.09 


2.33 


.500 


.523 


1.148 


June 


100.88 


2.91 


101.92 


2.78 


102.27 


2.32 


.506 


.524 


1.158 


July 


101.12 


2.89 


99.40 


3.04 


103.77 


2.19 


.511 


.523 


.923 


Aug. 


101.71 


2.83 


95.68 


3.30 


104.09 


2.17 


.512 


.525 


1.007 


Sept. 


101.96 


2.81 


96.72 


3.23 


104.45 


2.14 


.510 


.514 


1.058 


Oct. 


103.04 


2.70 


96.18 


3.27 


104.51 


2.13 


.512 


.524 


1.050 


Nov. 


103.08 


2.69 


95.11 


3.34 


104.76 


2.11 


.512 


.523 


1.056 


Dec. 


102.65 


2.73 


97.17 


3.20 


104.88 


2.10 


.512 


.519 


1.115 



(1) Government of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. 



(3) U.S. Treasury 214% due Dec. 15, 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1949 

Daily Opening Quotations 
Z0%T 



22% 



24% 




3 4% 



* Security is not eligible for commercial banks before Dec. 1. 1952. 



213 



DECEMBER 1949 



GOVERNMENT BOND YIELDS* 

Bank of Canada 



1948 



Jan. 1st |Mar. 31st|june30th|Sept.30th|Dec. 31st 



1949 



Mar. 31st[June 30th Sept. 30th I Dec. 3lst 







Government of 


Canada 












Internal Issues 




















l%%due Nov. 1, 1950 


1.42 


1.44 


1.57 


1.53 


1.64 


1.64 


1.67 


1.65 


1.75 


3% due Mar. 1, 1952/54 


1.80 


2.18 


2.18 


2.10 


2.02 


2.04 


2.06 


1.95 


1.94 


3% due Jan. 1, 1956/59 


2.35 


2.84 


2.70 


2.75 


2.67 


2.61 


2.64 


2.54 


2.4S 


3% due Sept. 1, 1961/66 


2.60 


2.98 


2.94 


2.98 


2.!):; 


2.93 


2.91 


2.74 


2.72 


New York Issues 




















4% due Oct. 1, 1950/60 


2.48 


2.34 


2.28 


2.20 


2.02 


1.55 


2.26 


1.72 


1.48 


3)4% due Jan. 15, 1956/61 


2.74 


2.68 


2.69 


2.71 


2.51 


2.22 


2.22 


2.31 


1.97 


2%% due Sept. 1, 1974 ( " 


- 


- 


- 


- 


- 


- 


- 


2.73 


2.64 


4M% due Julv 1,1957* 


3.01 


2.97 


2.82 


2.87 


2.68 


2.46 


2.54 


2.53 


2.24 



United States Government 



l^%due Dec. 15, 1950. . . 
2Y 2 % due Mar. 15, 1952/54, 
2Y 2 % due Mar. 15, 1956/58. 
2Y 2 % due Dec. 15, 1967/72 , 



1.40 
1.72 
2.13 

2.48 



1.35 
1.62 
2.01 

2.48 



1.34 
1.58 
1.98 
2.48 



1.39 
1.71 
2.04 

2.48 



1.36 
1.58 
1.93 
2.47 



1.32 
1.49 
1.77 
2.43 



1.20 
1.30 
1.59 
2.38 



1.13 
1.21 
1.51 
2.30 



1.04 
1.23 

1.46 
2.24 



United Kingdom Government 



1»4% due Feb. 15, 1950. . . 

2^% due Mar. 1, 1952/54. 
3% due Oct. 15, 1955/59, 
3% due Aug. 15, 1965/75, 



1.45 
2.50 
2.80 
2.98 



1.24 
2.17 
2.53 
3.03 



1.17 
1.95 
2.38 
3.03 



1.19 
1.88 
2.34 
2.96 



1.24 
1.74 
2.18 
2.86 



1.40 
1.56 
2.15 
2.86 



1.75 
2.25 
2.65 
3.11 



1.07 
2.13 
2.55 
3.37 



1.24 
1.91 
2.49 
3.39 



t Based on approximate market bid side. 



(1) New issue. 



* Canadian National Railways (Guaranteed by Canada). 



Millions of U.S. Dollars 



VI— OFFICIAL HOLDINGS OF GOLD AND U.S. DOLLARS' 

Department of Finance 





Jan. 


Feb. 


Mar. 


Apr. 


May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Dec. 


1947 


Gold 

U.S. Dollars 


493.9 

649.2 


407.4 
550.3 


387.8 
423.5 


392.4 
307.9 

700.3 


378.4 
332.0 

710.4 


338.8 
327.1 


322.5 
328.8 


327.9 
340.1 


335.8 
279.6 


344.5 
182.0 


302.4 

177.8 


286.6 
215.1 


Total 


1,143.1 


957.7 


811.3 


665.9 


651.3 


668.0 


615.4 


526.5 


480.2 


501.7 


1948 


Gold 

U.S. Dollars 


296.0 
215.0 


305.3 
222.2 

527.5 


313.5 
294.0 

607.5 


322.7 
345.7 


331.2 
362.9 

694.1 


340.4 
401.5 


350.7 
418.0 


359.9 

454.3 


370.9 
484.0 


380.1 
512.1 

892.2 


388.9 
579.3 


401.3 
596.5 


Total 


511.0 


668.4 


741.9 


768.7 


814.2 


854.9 


968.2 


997.8 












1949 














Gold 

U.S. Dollars 


407.2 
614.7 


406.6 
637.3 

1,043.9 


408.1 
659.1 

1,067.2 


397.7 
593.5 


409.7 
567.5 


419.3 
557.6 


427.2 
545.9 

973.1 


439.7 

547.4 

987.1 


450.2 
535.1 


461.7 
545.7 

1,007.4 


475.4 
593.0 


486.4 

630.7 


Total 


1,021.9 


991.2 


977.2 


976.9 


985.3 


1,068.4 


1,117.1 



* Gold and United States Dollars held by the Exchange Fund Account, and Other Government of Canada Accounts; not including any part of an amount 
of $98.8 millions in U. S. Funds borrowed in the United States in August 1949 by the Government of Canada and set aside for the purpose of retiring an 
equal amount of certain securities payable in U.S. dollars in following months. 



DECEMBER 1949 



214 









VII 


-BUSINESS ACTIVITY 

Dominion Bureau of Statistics 












PRODUCTION 


Res- 
idential 

Con- 
struction 


Car 

Loadings 


Value 

of 

Department 


Employ- 
ment 
Index 
(j) 


Aggregate 
Payrolls 










News- 


Central 


Index 
in 




Gold 


Nickel 


Steel 


Print 

(i) 


Electric 
Stations* 2 ' 


Contracts 
Awarded 




Store Sales 


Unadjusted 
June 1, 


Unadjusted 

June 1, 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 


Thousands 


Millions 




Fine Ounces 

_ 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 


of Dollars 


1941 = 100 


1941 = 100 


Annual Totals (4) 




















1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


254 


57.2 


- 


1937 


4,096 


112 


1,571 


3,998 


17,934 


56 


2,634 


288 


74.6 


- 


1946 


2,833 


96 


2,335 


4,506 


31,063 


213 


3,690 


614 


113.5 


142.4 


1947 


3,070 


119 


2,945 


4,820 


37,376 


197 


3,957 


707 


123.0 


172.6 


1948 


3,530 


131 


3,202 


4,983 


40,607 


373 


4,060 


805 


128.2 


199.5 


12-Mths. ending 


* 


* 


















Nov. 1949 

Monthly 

1948— May 


4,013 


131 


3,203 


5,182 


41,778 


454 


3,922 


852 


128.6 


214.0 


288.5 


11.4 


289.6 


420.8 


3,455 


51.8 


325 


65.2 


122.1 


188.0 


June 


290.1 


10.4 


259.4 


415.1 


3,331 


40.9 


342 


63.4 


125.9 


195.4 


July 


296.2 


10.4 


244.9 


424.5 


3,355 


38.3 


337 


48.3 


129.7 


203.5 


Aug. 


305.4 


9.0 


263.1 


422.3 


3,408 


44.5 


344 


54.0 


131.6 


207.2 


Sept. 


294.9 


9.8 


257.9 


408.8 


3,363 


34.1 


378 


70.7 


132.2 


209.3 


Oct. 


307.0 


10.3 


281.9 


435.3 


3,538 


32.1 


388 


82.4 


133.1 


215.7 


Nov. 


311.4 


12.7 


278.0 


432.1 


3,388 


29.8 


370 


89.7 


133.3 


218.0 


1949— May 


332.4 


11.2 


293.2 


442.7 


3,588 


48.2 


313 


72.2 


123.8 


207.3 


June 


344.1 


10.6 


270.5 


437.0 


3,481 


46.9 


322 


67.2 


127 A 


209.0 


July 


326.3 


9.6 


238.8 


421.5 


3,362 


52.2 


307 


49.9 


130.3 


217.0 


Aug. 


359.1 


8.9 


248.7 


446.8 


3,534 


55.9 


351 


57.2 


130.8 


218.2 


Sept. 


364.3 


9.5 


240.7 


415.2 


3,496 


50.8 


363 


76.2 


132.4 


222.0 


Oct. 


365.6 


10.7 


258.9 


435.7 


3,628 


44.7 


370 


82.9 


132.4 


223.8 


Nov. 






259.7 


436.8 


3,636 


31.3 


352 


93.0 


132.2 


224.6 



(1) Source: Newsprint Association of Canada. Includes Newfoundland. (2) Total output less exports and secondary power. (3) 8 Leading industries. 
First of month figures. (4) Average of months in case of Employment and Payrolls Indexes. *12-Months ending Oct. 1949. 



EMPLOYMENT IN CERTAIN MANUFACTURING INDUSTRIES 



INDEX JUNE 1,1941-100 



TOTAL MANUFACTURING 




flRST OF MONTH TIGURES 



IRON AND STEEL 



INDEX JUNE 1,1941-100 



D — J 




FMAMJJASOND 



DJ FMAMJJASO 



N dO 



215 



DECEMBER 1949 



VIII 



CANADA 

Dominion Bureau of Statistics™ 



-WHOLESALE PRICES 

Index 1935-39 = 100 
U.K. 

Board of Trade™ 





Farm 


Raw 




Manu- 1 




Products 

• 


Materials 


Foods 


factures 


Total 


Average of M ths. 












1929 


140.8 


134.9 


133.0 


122.2 


124.0 


1932 


65.5 


76.1 


81.8 


91.7 


86.5 


1937 


117.4 


116.6 


108.0 


105.8 


109.7 


1946 


177.0 


151.5 


143.0 


129.8 


141.0 


1947 


189.7 


180.6 


162.7 


154.2 167.4 


1948 


229.6 


216.0 


202.4 


184.3 


198.9 


Monthly 












1948-Oct. 


232.7 


226.7 


207.0 


189.4 


206.6 


Nov. 


232.4 


227.1 


206.9 


189.1 


206.7 


Dec. 


233.6 


226.3 


207.0 


189.1 206.9 


1949-Jan. 


232.2 


226.0 


205.2 


188.3 


206.6 


Feb. 


226.2 


222.8 


202.0 


186.7 


205.1 


Mar. 


224.2 


223.7 


201.5 


185.2 


204.4 


Apr. 


224.5 


222.4 


205.5 


186.6 


204.3 


May 


225.2 


220.6 


205.9 


187.0 


202.9 


June 


230.2 


221.6 


209.6 


186.7 


202.7 


July 


231.4 


222.4 


211.4 


186.7 


203.1 


Aug. 


225.9 


219.2 


207.0 


187.0 


201.7 


Sept. 


222.6 


219.1 


205.6 


186.3 


201.6 


Oct. 


219.7 


222.0 


203.9 


187.8 203.8 


Nov. 


220.0 


222.0 


203.2 


187.6 203.6 



Foods 


Total 


120.7 


115.0 


92.2 


86.2 


107.5 


109.5 


166.2 


176.4 


173.1 


193.1 


190.1 


220.9 


189.1 


221.3 


189.8 


222.1 


187.2 


222.2 


187.3 


222.9 


187.2 


222.7 


186.6 


222.1 


195.4 


228.1 


209.0 


232.9 


212.3 


233.3 


212.2 


230.4 


212.7 


230.6 


210.9 


231.8 


221.1 


238.3 


224.3 


241.4 



U.S.A. 

Bureau of Labor Statistic^ 



Farm 


Raw 








Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


195.5 


175.1 


164.9 


139.9 


150.0 


238.1 


215.4 


213.2 


176.1 


188.5 


247.8 


232.3 


226.4 


192.4 


204.7 


241.4 


230.5 


225.3 


193.5 


205.0 


237.9 


228.1 


220.4 


191.7 


203.5 


233.3 


224.1 


215.2 


190.2 


201.4 


227.0 


220.4 


209.6 


188.8 


199.3 


221.4 


215.9 


204.2 


186.0 


196.2 


225.7 


217.7 


205.9 


186.1 


196.5 


224.3 


215.9 


205.9 


184.7 


194.7 


225.3 


216.0 


207.1 


183.0 


193.2 


222.1 


214.2 


205.3 


182.0 


191.7 


218.7 


212.5 


203.9 


180.8 


190.6 


213.6 


210.0 


203.0 


180.4 


189.7 


214.6 


210.9 


204.8 


181.3 


190.7 


210.0 


208.7 


201.8 


180.1 


188.8 


206.3 


208.9 


200.9 


178.9 


188.1 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39 = 100 from base 1926 = 

(2) Adjusted to 1935-39 =-100 from base 1913 = 100 in 1929 and from base 1930 = 100 thereafter. 

(3) Adjusted to 1935-39-100 from base 1926 = 100. 

* An independent series with different weighting and different prices from those included in the 
is not entirely comparable with the U.S.A. "Farm Products Index". 



100. 



'Total Index". Prices include subsidies. The series 



WHOLESALE PRICES : RAW MATERIALS, MANUFACTURES AND FOOD 



INDEX 1935-39 = 100 




DECEMBER 1949 



216 



Index 1935-39 = 100 



IX— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


1947 


159.5 


115.9 


143.9 


116.7 


141.6 


117.0 


135.5 


1948 


195.5 


124.8 


174.4 


120.7 


162.6 


123.4 


155.0 


1949 


203.0 


131.1 


183.1 


123.0 


167.5 


128.8 


160.9 


First of Month 
















1948— Aug. 


202.6 


127.7 


175.9 


120.9 


161.4 


123.4 


157.5 


Sept. 


203.9 


128.5 


179.9 


121.0 


164.2 


124.4 


158.9 


Oct. 


205.4 


128.8 


181.0 


121.0 


165.1 


124.4 


159.6 


Nov. 


204.7 


129.0 


181.5 


121.0 


166.0 


124.6 


159.6 


Dec. 


202.0 


129.1 


181.5 


121.7 


166.2 


124.6 


158.9 


1949— Jan. 


202.2 


130.0 


181.9 


121.7 


167.0 


126.6 


159.6 


Feb. 


; 200.4 


130.8 


181.8 


121.7 


167.8 


128.1 


159.5 


Mar 


199.1 


131.0 


182.7 


121.7 


167.9 


128.1 


159.2 


Apr. 


198.5 


131.0 


183.2 


122.4 


168.0 


128.4 


159.3 


May 


199.5 


129.1 


183.3 


122.4 


168.1 


128.4 


159.5 


June 


202.9 


128.7 


183.3 


122.4 


167.7 


128.4 


160.5 


July 


207.2 


129.1 


183.3 


123.4 


167.5 


128.5 


162.1 


Aug. 


209.2 


129.5 


183.2 


123.4 


167.4 


128.9 


162.8 


Sept. 


207.0 


130.1 


183.5 


123.9 


167.4 


128.9 


162.3 


Oct. 


205.0 


134.1 


184.1 


123.9 


167.2 


130.2 


162.2 


Nov. 


203.3 


135.1 


183.7 


123.9 


167.4 


130.2 


161.7 


Dec. 


201.9 


135.2 


183.7 


125.0 


167.1 


130.5 


161.5 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450 - $2,500, with incomes between $1,000-$!, 600 most common. 



INDEX 1935-39 = 100 

170 



TOTAL 



COST OF LIVING INDEXES 

FIRST OF MONTH FIGURES 



FOOD 




INDEX 1935-39=100 

210 



DJFMAMJJASOND 




DJFMAMJJASOND 



217 



DECEMBER 1949! DECE 



X— MUNICIPALITIES"': OUTSTANDING DEBT 

Millions of Dollars 



CM 



TYPE OF DEBT BY CLASS OF MUNICIPALITY 



Calendar Year End <3) 

Bonded Debt 

Schools (Gross) 
Metropolitan. . . 

Other Urban 

Rural 

Total 

Highways (Gross) 
Metropolitan. . . 

Other Urban 

Rural 

Total 

Other (ex. Utilities) (Gross) 

Metropolitan 

Other Urban 

Rural 

Total 

Less Sinking Funds 

Metropolitan 

Other Urban 

Rural 

Total 

Public Utilities (Net) 

Metropolitan 

Other Urban 

Rural 

Total 

Direct 

Bonded Debt (Net) 

Guaranteed (Net) 

Metropolitan 

Other Urban 

Rural 



Total 

Direct & Guaranteed 
Bonded Debt (Net) . . 



Bank Loans 

Metropolitan 
Other Urban . 
Rural 



Total . 



Total Outstanding 
Debt (Net) 

Metropolitan 

Other Urban 



Rural . 



Total. 



1946" 



100.3 
67.9 
12.7 



180.9 



80.2 

74.1 

5.3 



159.6 



269.9 

118.7 

16.3 

404.9 



58.0 

62.0 

3.5 

123.5 



92.9 

66.8 

5.6 

165.3 



787.2 



43.8 

1.6 

.2_ 

45.6 
832.8 



12.4 
9.1 
7.9 



29.4 



541.6 

276.1 

44.5 



862.2 



1947 1 



95.8 
73.2 

17.8 



186.8 



78.4 

75.6 

5.0 



159.0 



268.0 

126.2 

19.5 

413.7 



44.5 

60.5 

3.4 

108.4 



87.4 

72.8 

5.3 

165.5 
816.6 



45.7 

1.4 

.2_ 

47.3 
863.9 



14.8 
15.0 
11.5 



41.3 



545.6 

303.6 

55.9 



905.1 



1948 

(Est.) (5) 



42.9 
78.8 
26.1 



147.8 



79.9 

83.6 

5.9 



(7) 



169.4 



267.5 

139.0 

19.9 

426.4 



42.3 

59.1 

3.1 

104.5 



90.9 

85.5 

7.1 



183.4 



822.6 



47.4 
1.9 
A_ 

49.7 
872.3 



17.8 
27.7 
14.2 

59.7 



504.1 

357.3 

70.5 

931.9 



1949 

(Est.)(5)(6) 



49.2 
95.5 
30.7 

175.4 



84.2 

95.1 

6.9 

186.3 



269.5 

158.9 

21.2 

449.7 



40.8 

60.5 

3.2 

104.5 



90.7 
104.3 

8.4 

203.4 
910.2 



47.8 

2.6 

A_ 

50.8 
961.0 



17.4 
31.7 

17.8 

66.8 



517.9 

427.6 

82.2 

1,027.8 



TOTAL BY CLASS OF MUNICIPALITY & PROVINCE 



Calendar Year End <3) 



Total Outstanding 
Debt (Net) 

Metropolitan 

Quebec 

Ontario 

Manitoba 

British Columbia 

Total 

Other Urban 

Prince Edward Island . 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total 

Rural 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total 

All Municipalities 
Prince Edward Island . 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total 



1946 1 ' 



301.4 

138.9 

32.8 

68.4 

541.6 



2.2 
17.9 
11.5 
111.9 
65.0 
1.6 
15.0 
34.1 
17.0 

276.1 



1.3 
4.0 
10.1 
16.1 
3.7 
3.9 
1.5 
3.8 

44.5 



2.2 
19.2 
15.4 
423.4 
220.1 
38.1 
18.9 
35.6 
89.3 

862.2 



1947 l4) 


1948 

(Est.) (5) 


302.7 


245.6 (7) 


139.3 


145.8 


33.4 


37.7 


70.2 


75.0 


545.6 


504.1 


2.2 


2.3 


19.8 


21.9 


12.9 


17.6 


122.6 


129.7 


75.5 


104.6 


1.8 


2.3 


13.7 


15.4 


36.4 


41.1 


18.7 


22.4 


303.6 


357.4 


1.2 


1.7 


4.4 


6.4 


12.6 


13.6 


22.1 


30.8 


3.3 


3.7 


4.6 


5.8 


2.7 


3.4 


4.9 


5.1 


55.9 


70.5 


2.2 


2.3 


21.0 


23.6 


17.3 


24.0 


437.9 


388.9 (7) 


236.9 


281.3 


38.5 


43.7 


18.3 


21.1 


39.1 


44.5 


93.9 


102.4 


905.1 


931.9 



1,027 



(i) 

(2) 



(3) 
(4) 

(6) 
(7) 



Includes school corporations. «_m-»- „t .Ivm.i 07 ! 

Excludes treasury bills owing to Provinces of 6.7 in the years 1946 and 1947 and 1.2 in 1948 and 1949 and accounts payable and other liabilities ot aDou . »', 

97 and 99 in the years 1946 to 1949 respectively, against which are such assets as cash, investments, taxes, accounts and other items receivable of greater arnou 

Sources: Reports of Prov. Depts. of Municipal Affairs and Education, records of the Dominion Bureau of Statistics and Citizens' Research Institute ot Lanaaa. 

Or the fiscal year end nearest the calendar year. 

Figures included for Quebec municipalities are estimates, as actual figures have not yet been published. 

Estimates based on sample municipal returns received by the Dominion Bureau of Statistics. 

Excludes Newfoundland municipalities as complete information not yet available. _ _ . , ,_ nrt i 

Quebec school figures included are at June 30, 1948, the school fiscal year end. The reorganization of debts of school commissions which came into lorce u". * 

1947 resulted in the transfer of school commission liabilities of large amount to the Quebec Municipal Commission with provincial guarantee. 



DECEMBER 1949 



218 



X— MUNICIPALITIES'" : CURRENT REVENUE AND EXPENDITURE 

Millions of Dollars 



CURRENT REVENUE' 2 ' 



Calendar Years' 3 ' 



eal Property Tax* 

Metropolitan 

Other Urban 

Rural 



1946 «> 



Total . 



ules Tax 
Metropolitan . 
Other Urban. 
Rural 



Total. 



ther Taxes 
Metropolitan . 
Other Urban . 
Rural 



Total . 



3tal Taxation 

Metropolitan. . . 

Other Urban 

Rural 



Total . 



censes, Permits & Fees 

Metropolitan 

Other Urban 

Rural 



Total . 



blic Utility 
Contributions 

Metropolitan 

Other Urban 

Rural 



Total. 



|:her< 8) 
Metropolitan. 
Other Urban. 
Rural 



Total . 



>tal Revenue 

Metropolitan. . 
Other Urban... 
Rural 



Total 



1947(4) 



103.2 
99.3 

75.8 

278.3 



9.6 
1.7 

.1 

11.4 

• 

11.9 
15.5 

2.1 

29.5 



124.7 

116.5 

78.1 

319.3 



4.5 

3.9 

.9 

9.3 



7.5 

8.7 
.2 

16.4 



16.9 
16.3 

8.1 

41.3 



153.6 

145.4 

87.3 

386.3 



111.7 
107.7 

82.7 

302.1 



11.2 

2.1 
.1 

13.4 



13.6 

16.7 

3.4 

33.7 



136.5 

126.5 

86.2 

349.2 



5.1 

4.2 
1.0 

10.3 



10.3 

9.3 

.3 

19.9 



13.1 

18.1 

7.1 

38.3 



165.0 

158.1 

94.6 

417.7 



1948 

(Est.XS) 



119.7 

120.2 

94.4 

334.3 



12.0 

2.4 
.1 

14.5 



17.1 

19.4 

3.9 

40.4 



148.7 

142.0 

98.5 

389.2 



5.5 

4.7 
1.3 

11.5 



10.7 

9.3 

.3 

20.2 



17.1 
19.7 

8.7 

45.6 



182.0 
175.7 
108.8 

466.5 



1949 

(Est.)(5)(6) 



129.1 

129.6 

99.9 

358.6 



11.8 

2.5 

.2 

14.5 



17.7 

20.5 

4.1 

42.3 



158.6 
152.5 
104.2 

415.4 



5.3 
4.9 
1.3 

11.5 



11.5 
9.5 

.2 

21.2 



17.5 

20.5 

9.2 

47.2 



192.9 
187.4 
115.0 

495.2 



CURRENT EXPENDITURE"' 



Calendar Years' 3 ' 



Schools' 9 ' 

Metropolitan . 
Other Urban . 
Rural 



Total . 



Public Welfare' 9 ' 
Metropolitan 

Other Urban 

Rural 



Total . 



Highways, Roads, 
Streets' 9 ' 
Metropolitan . . . 

Other Urban 

Rural 



Total . 



Protection, General 
Administration and 
Sundry' 9 ' 

Metropolitan 

Other Urban 

Rural 



Total 

Debt Charges 

(ex. Debt Repayment) 

Metropolitan , 

Other Urban , 

Rural 



Total . 



Total 
Current Expenditure 

(ex. Provision for 

Debt Repayment) 

Metropolitan 

Other Urban 

Rural 



Total 

Provision for 
Debt Repayment 

Metropolitan 

Other Urban 

Rural 



Total . 



Total 
Current Expenditure 

Metropolitan 

Other Urban 

Rural 



Total 



1946' 4 ' 



33.2 
37.3 
35.0 

105.5 



21.4 

17.6 

9.1 

48.1 



12.7 
17.8 
24.7 

55.2 



49.6 
43.2 
15.3 

108.1 



18.5 

10.7 

2.2 

31.4 



135.4 
126.7 

86.2 

348.3 



18.8 

15.0 

2.9 

36.7 



154.1 

141.7 

89.1 

384.9 



1947(4) 



38.3 
41.9 

42.7 

122.9 



26.0 
20.1 
10.3 

56.4 



12.0 
20.6 
27.9 

60.5 



56.1 
50.3 

14.8 

121.2 



17.1 

10.6 

2.2 

29.9 



149.5 
143.4 

97.8 

390.8 



17.6 

16.4 

3.0 

37.0 



167.2 
159.8 
100.8 

427.8 



1948 
(Est.)(S) 



42.3 
47.3 

47.7 

137.3 



29.6 
23.0 
11.0 

63.6 



12.6 
22.2 
30.2 

65.0 



61.3 
55.1 

17.7 

134.1 



14.9 

11.0 

2.4 

28.3 



160.8 
158.5 
109.0 

428.3 



21.4 

15.8 

3.4 

40.6 



182.2 
174.3 
112.4 

468.9 



1949 

(Est.)(5)(6) 



48.1 
52.9 
51.9 

153.0 



32.2 
23.7 
11.1 

67.0 



13.2 
23.3 
30.4 

66.8 



64.4 

57.5 
18.5 

140.4 



15.8 
11.6 

2.4 

29.8 



173.7 
169.0 
114.3 

457.0 



21.8 

16.7 

3.5 

41.9 



195.5 
185.7 
117. S 

499.0 



Includes school corporations. 

Provincial grants, other than general subsidies, have been excluded from "Revenue" and corresponding amounts deducted from "Expenditure". Provincial subsidies 

for general purposes are included in "Other Revenue". The classification of "Revenue" (other than taxation) and "Expenditure" involves a considerable amount 

of estimation so that classified totals are at best approximate. 

Or the fiscal year nearest the calendar year. 

Figures included for Quebec municipalities arc estimates, as actual figures have not yet been published. 

Estimates based on sample municipal returns received by the Dominion Bureau of Statistics. 

See note (6) page 217. 

Tax collection figures have been used so far as this information is available. 

Includes amounts received under Dom.-Prov. Tax Agreements of 3.9 in the year 1946, and 1.6 in 1947. Excludes any surpluses from previous yens. 

Excludes debt charges. 



219 



DECEMBER 1949 



Millions of Dollars 



XI— EXPORTS AND IMPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
MERCHANDISE EXPORTS '* 









TOTAL EXPORTS (EXCLUDING GOLD) 


TO 












U.K. 


Union 


Other 


Western 


Central 


All 






U.S.A. 


U.K. 


Dependen- 


of 


Sterling 


Europe & 


and 




All 








cies 


South 


Area 


Colonies 


South 


(5) 












Africa 


(3) 


(4) 


America 






Calendar Years 




















1946 


901 


632 


82 


68 


111 


304 


97 


183 


2,379 


1947 


1,057 


755 


123 


67 


169 


310 


134 


180 


2,796 


1948 


1,516 


719 


94 


83 


115 


307 


127 


163 


3,124 


12-Mths. ending 




















Nov. 1949 


1,520 


715 


75 


75 


163 


272 


136 


110 


3,066 


Monthly 




















1948-Aug. 


115.7 


51.6 


7.1 


8.7 


6.6 


18.4 


7.0 


10.7 


225.7 


Sept. 


164.2 


50.9 


7.4 


8.2 


6.1 


26.7 


11.2 


15.5 


290.2 


Oct. 


148.3 


61.3 


8.5 


8.6 


7.6 


38.7 


11.4 


15.7 


300.1 


Nov. 


161.4 


58.6 


6.6 


10.5 


14.5 


20.2 


9.0 


15.2 


295.9 


Dec. 


149.5 


50.0 


8.3 


6.1 


26.2 


37.6 


16.8 


23.2 


317.6 


1949-Jan. 


117.7 


57.0 


6.6 


4.3 


14.1 


21.8 


8.2 


10.9 


240.5 


Feb. 


108.1 


47.6 


4.5 


2.8 


11.8 


15.7 


9.0 


9.3 


208.8 


Mar. 


123.9 


44.6 


7.2 


4.9 


13.6 


12.1 


10.0 


10.0 


226.2 


Apr. 


113.7 


58.4 


5.7 


6.5 


13.1 


22.3 


10.5 


6.5 


236.6 


May 


125.8 


74.3 


8.1 


11.0 


13.0 


27.4 


13.2 


5.4 


278.3 


June 


118.1 


61.1 


6.3 


11.8 


15.2 


31.0 


14.5 


6.4 


264.5 


July 


107.1 


67.1 


5.3 


9.4 


14.7 


26.5 


9.2 


5.4 


244.7 


Aug. 


117.0 


65.6 


6.5 


6.8 


8.4 


20.6 


15.1 


7.1 


247.2 


Sept. 


116.7 


58.3 


6.2 


3.7 


10.6 


19.3 


9.5 


9.3 


233.8 


Oct. 


150.6 


73.0 


4.7 


4.3 


8.2 


15.3 


10.4 


8.2 


274.8 


Nov. <6) 


171.5 


58.5 


5.4 


3.7 


13.9 


22.0 


10.0 


8.3 


293.2 



Net 
Non- 
Monetary 
Gold 
Exports 



96 

99 

119 

139 

9.7 

11.9 

9.6 

9.1 

12.9 

9.7 

9.6 

12.1 

9.8 

12.4 

9.8 

9.4 

13.8 

11.2 

13.2 

15.4 



Millions of Dollars 




MERCHANDISE IMPORTS '* 










TOTAL IMPORTS (EXCLUDING GOLD) FROM 








U.K. 


Union 


Other 


Western 


Central 




Total 




U.S.A. 


U. K. 


Dependen- 


of 


Sterling 


Europe & 


and 




All 






(2) 


cies 


South 


Area 


Colonies 


South 














Africa 


(3) 


(4) 


America 


(5) 




Calendar Years 


















1946 


1,405 


139 


58 


8 


65 


40 


126 


24 


1,864 


1947 


1,975 


186 


72 


4 


81 


64 


159 


29 


2,570 


1948 


1,806 


299 


105 


4 


86 


77 


223 


37 


2,636 


12-Mths. ending 




















Oct. 1949 


1,961 


312 


106 


4 


81 


89 


187 


37 


2,777 


Monthly 




















1948-Aug. 


136.1 


24.6 


11.2 


.4 


5.8 


5.0 


20.4 


2.9 


206.4 


Sept. 


152.7 


24.0 


9.4 


.2 


7.0 


7.0 


18.6 


2.6 


221.6 


Oct. 


160.2 


29.2 


13.8 


.2 


7.5 


8.5 


20.5 


3.4 


243.4 


Nov. 


163.5 


28.2 


8.0 


.9 


9.1 


7.7 


16.7 


4.0 


238.1 


Dec. 


159.4 


24.6 


6.9 


.3 


7.9 


12.8 


17.0 


3.1 


231.9 


1949-Jan. 


164.8 


25.3 


5.1 


.2 


5.6 


6.3 


14.3 


2.1 


223.7 


Feb. 


148.8 


22.9 


7.6 


.3 


4.0 


5.5 


13.7 


3.2 


206.0 


Mar. 


169.0 


28.3 


7.6 


.6 


7.1 


7.2 


14.0 


2.1 


235.9 


Apr. 


177.3 


30.1 


7.7 


.5 


6.1 


7.2 


11.7 


2.1 


242.7 


May 


172.1 


29.5 


11.6 


.4 


8.2 


7.7 


17.0 


4.0 


250.5 


June 


176.9 


26.9 


11.0 


.5 


7.8 


8.4 


16.0 


3.0 


250.5 


July 


160.3 


29.3 


9.8 


.2 


5.3 


6.4 


16.8 


2.8 


230.8 


Aug. 


143.6 


25.5 


10.2 


.3 


6.3 


6.3 


15.3 


3.9 


211.4 


Sept. 


158.0 


21.7 


9.5 


.2 


5.6 


6.4 


16.7 


3.3 


221.4 


Oct. (6) 


167.6 


19.3 


11.1 


.2 


8.0 


6.8 


17.8 


3.4 


234.2 



Excess of 
Merch- 
andise 
Exports 

over 
Merch- 
andise 
Imports 



* Commencing April 1. 1949, external trade of Newfoundland is included 
and Canadian trade with Newfoundland, formerly in the "All Other" 
category, disappears. 

(1) Includes exports of foreign produce. In the case of wheat, export figures 
are based on Board of Grain Commissioners rather than Customs data. 

(2) Imports from the United Kingdom do not include articles imported for 
the use of the armed forces of the United Kingdom. In the years 1946 and 



(3) 

(4) 

(S) 

(6) 



1947 articles admitted free under Order in Council (9213) and the item 

"Canadian Goods Returned" (9195) are excluded. , 

Consists of Eire, India, Pakistan, Burma, Australia, New Zealand, Iceland, 

Ceylon and Iraq. Egypt is included in All Other. 

Excludes Spain, but includes Greece, Turkey, and British Sudan. 

Includes Egypt, Spain, Palestine, and also Newfoundland until March il. 

1949. 

Preliminary. 



1^^ 



DECEMBER 1949 



220 



MERCHANDISE TRADE* 

EXPORTS, IMPORTS AND BALANCE 



MILLIONS OF DOLLARS 



2000 



1800 



1600 



1400 




RUNNING 12-MONTH TOTALS 



MILLIONS OF DOLLARS 



1200 



1000 






1947 1948 1949 

* Excluding gold. See footnotes to tables ion page 219. 



CANADIAN EXPORTS TO U K 




CANADIAN IMPORTS FROM U.K. 



CANADIAN EXPORTS 
TO OTHER STERLING COUNTRIES 




Canadian export :■:■:■:■>: 
: balance with other g 

STERLING COUNTRIES 




FROM OTHER STERLING COUNTRIES 



1000 



800 



600 



400 



200 



500 



300 



00 



1947 



1948 



1949 



221 



Millions of Dollars 



DECEMBER 1949 

XII— MERCHANDISE IMPOFf^ 10 

Compiled from "Trade of Carp' 

(EP 





Fruits 




Grains 
and 


Sugar 


Tea 




Vegetable 


Rubber 




Hides 
and 


Oi 
Veg. 






Calendar 


and 


Vegetables 


Milled 


and 


and 






(incl. syn- 


Furs 


Leather 






Years 


Nuts 




Products 
(incl. rice) 


Products 


Coffee 


(i) 


(non- 
edible) 


thetic) 




(unmfd. 
and mfd.) 


An ; 

Proc 




1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 






1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 


It 




1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 


f\ 




1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 


h 




1947 


100 


25 


36 


57 


35 


14 


23 


29 


22 


26 


p 




1948 


91 


8 


31 


72 


42 


16 


19 


32 


25 


19 


r 




12 Mths. ending 


























Oct. 1949 


97 


18 


29 


68 


48 


21 


18 


29 


22 


24 


18 




Monthly 


























1948— Aug. 


6.0 


.1 


1.2 


7.7 


3.8 


1.1 


.9 


2.7 


.6 


1.7 


I 


1 




Sept. 


8.0 


.1 


1.4 


7.2 


3.6 


1.1 


.8 


2.3 


2.0 


1.3 


c 
<- 


,! 




Oct. 


7.4 


- 


1.7 


8.4 


3.4 


1.5 


2.8 


3.5 


2.3 


1.7 


6 


!,1 




Nov. 


10.7 


.8 


5.3 


6.3 


3.7 


2.2 


.8 


2.4 


1.9 


1.5 


Elf 




Dec. 


10.2 


.9 


5.1 


5.7 


3.7 


2.6 


.7 


2.8 


2.9 


1.6 


1311 




1949— Jan. 


6.5 


1.0 


1.5 


2.1 


4.8 


1.7 


1.5 


3.0 


3.7 


2.0 


e.ks 




Feb. 


5.1 


1.7 


.9 


4.9 


3.2 


1.5 


2.2 


2.9 


3.1 


1.9 


g 


11 




Mar. 


6.5 


2.2 


1.3 


4.1 


3.0 


2.0 


1.9 


3.0 


1.7 


2.5 


6.12 




Apr. 


8.0 


2.5 


1.1 


6.1 


4.4 


1.9 


1.4 


2.0 


1.3 


2.8 


£ 


U 




May 


7.1 


2.8 


2.0 


7.7 


4.2 


1.4 


1.4 


2.6 


1.1 


2.0 


m 




June 


8.8 


3.3 


1.9 


6.8 


4.2 


1.4 


1.3 


1.7 


1.1 


1.8 


6 




July 


8.9 


1.2 


2.1 


5.7 


3.6 


1.6 


1.3 


1.8 


.6 


1.6 






Aug. 


7.7 


.4 


2.0 


5.7 


3.9 


1.6 


1.5 


2.5 


.6 


2.2 


■i i 




Sept. 


7.2 


.2 


2.2 


5.1 


4.2 


1.6 


1.5 


1.8 


1.8 


2.4 


1 \ 




Oct. 


10.4 


.9 


3.1 


7.9 


4.5 


1.8 


2.5 


2.7 


1.8 


1.9 


1 J 





Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates, 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 


— 

M< -, 
Vel ■ 
a:i< 
Pi 


I 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 








1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 


1 




1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


IB 




1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


1ft 




1947 


113 


13 


2 


12 


48 


18 


9 


44 


105 


206 


i ; 




1948 


118 


16 


6 


12 


54 


18 


10 


50 


140 


217 


i i 




12 Mths. ending 

Oct. 1949 


127 


14 


7 


14 


72 


20 


12 


59 


178 


217 


i 




Monthly 

1948— Aug. 


8.9 


2.5 


.6 


.8 


3.9 


1.0 


.8 


3.0 


10.3 


13.5 


1C 5 




Sept. 


8.9 


2.5 


.6 


.9 


4.9 


1.1 


.8 


3.5 


11.6 


14.9 


is|j 




Oct. 


10.8 


1.4 


.6 


1.2 


5.0 


1.2 


.8 


4.3 


12.0 


17.4 


Ml'J 




Nov. 


10.6 


2.2 


.4 


1.3 


5.5 


1.5 


.9 


5.2 


11.2 


17.2 


HU 




Dec. 


10.3 


.6 


.7 


1.2 


5.6 


1.6 


.6 


3.7 


12.7 


17.8 


ic .0 




1949— Jan. 


10.9 


.2 


.7 


1.4 


6.6 


1.3 


1.0 


6.5 


13.7 


18.8 


13 .6 




Feb. 


9.6 


- 


.9 


1.5 


6.2 


1.5 


1.1 


4.6 


13.8 


16.3 


I'l 




Mar. 


10.5 


- 


1.2 


1.6 


7.9 


1.6 


1.3 


5.9 


17.2 


20.7 


14:.; 




Apr. 


11.1 


.2 


1.5 


1.9 


8.1 


1.8 


1.3 


4.9 


18.2 


20.4 


HJJ 




May 


10.6 


1.5 


1.0 


1.4 


6.8 


2.9 


1.4 


4.5 


17.5 


20.3 


U\i 




June 


10.8 


2.0 


.3 


1.4 


6.9 


2.7 


1.2 


6.0 


17.1 


19.3 


i z ; 




July 


9.9 


3.2 


.4 


.9 


5.2 


1.2 


1.1 


4.9 


15.9 


18.2 


it ,2 

l-:i 




Aug. 


9.5 


1.9 


- 


.7 


5.3 


1.3 


.8 


4.8 


14.1 


14.1 




Sept. 


10.<i 


.7 


.1 


.8 


5.2 


1.6 


.7 


4.1 


14.1 


16.6 


i: 




Oct. 


12.2 


1.8 


.1 


.5 


2.9 


.7 


.7 


4.2 


12.2 


17.7 


1< 

>rts fr 


s 




(1) Before 1935 impor 


t totals are s 


ibstantially < 


)ver- valued c 


wing to inch 


tsion of U.K. 


excise taxes 


on spirits im 


ported from 


that country 


flmpt 


£d 5 . 



DECEMBER 1949 



222 



BIMMODITY CLASSIFICATION 
















minion Bureau of Statistics 




















fold) 


















Millions of Dollars 


Cotton 


Silk 

(raw and 
mfd.) 


W( 


X>L 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




■ and 

t nfd. 


Mfd. 


Raw and 

Unmfd. 


Mfd. 


Calendar 
Years 


i 18 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 


) S 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 


• 21 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


i 15 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 


51 


119 


7 


30 


54 


34 


38 


46 


23 


32 


35 


1947 


)7 


78 


4 


48 


67 


30 


27 


39 


17 


31 


25 


1948 


Bi'3 


78 


5 


39 


68 


33 


22 


36 


20 


35 


30 


12 Mths. ending 

Oct. 1949 


.7 


5.9 


.3 


4.8 


5.5 


2.3 


1.4 


3.1 


1.3 


2.3 


2.0 


Monthly 

Aug.— 1948 


.7 


5.7 


.2 


4.1 


5.2 


2.3 


1.8 


3.4 


1.3 


2.5 


1.9 


Sept. 


1.1 


7.7 


.4 


3.7 


5.4 


2.7 


2.6 


4.0 


1.5 


3.0 


1.9 


Oct. 


.6 


7.6 


.3 


3.1 


6.0 


3.1 


2.8 


3.2 


1.5 


2.9 


1.9 


Nov. 


.0 


6.2 


.3 


3.3, 


5.2 


2.7 


1.8 


2.7 


1.4 


2.6 


2.4 


Dec. 


.5 


8.9 


.6 


2.3 


6.2 


3.7 


2.6 


3.2 


1.6 


2.5 


2.1 


Jan. — 1949 


.9 


8.0 


.5 


2.5 


6.2 


3.6 


.9 


2.7 


1.6 


2.5 


2.4 


Feb. 


_2 


7.6 


.4 


4.0 


6.9 


3.5 


1.7 


2.9 


1.8 


2.9 


2.6 


Mar. 


.0 


8.3 


.4 


3.6 


6.7 


3.6 


1.9 


3.1 


1.7 


2.9 


2.7 


Apr. 


.0 


7.2 


.4 


4.9 


6.1 


2.9 


1.7 


3.3 


1.7 


2.6 


2.6 


May 


.0 


8.3 


.4 


4.1 


5.1 


3.1 


1.5 


2.9 


1.7 


2.7 


3.0 


June 


.0 


5.2 


.5 


3.2 


6.0 


2.1 


1.7 


3.2 


1.5 


2.6 


2.3 


July 


.8 


3.6 


.4 


3.1 


5.7 


1.5 


1.4 


3.2 


1.5 


3.0 


2.5 


Aug. 


.2 


3.3 


.4 


2.0 


4.2 


1.4 


1.7 


2.9 


1.6 


3.7 


2.7 


Sept. 


.0 


4.2 


.5 


3.0 


3.2 


1.6 


1.9 


3.1 


2.0 


3.7 


2.5 


Oct. 



d 

ei 


Bauxite 
Ore 


Tin 

and 

Products 


Electrical 
Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 
Non- 
metallic 
Minerals 


All 

Other 

Imports 


Totalt 
Imports 


Calendar 
Years 


.0 


3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 


4 


2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 


13 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


;9 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 


'7 


9 


7 


69 


77 


154 


207 


29 


63 


159 


2,570 


1947 


!8 


10 


8 


62 


76 


206 


301 


26 


73 


115 


2,636 


1948 


9 


10 


9 


67 


84 


166 


267 


25 


79 


151 


2,777 


12 Mths. ending 

Oct. 1949 


5 


1.4 


.9 


3.5 


5.8 


20.1 


33.0 


1.7 


6.4 


8.4 


206.4 


Monthly 

Aug.— 1948 


O 


1.0 


.7 


4.1 


5.3 


24.4 


33.0 


1.9 


6.7 


8.8 


221.6 


Sept. 


• > 


1.2 


1.4 


4.7 


7.4 


21.3 


31.7 


2.2 


7.5 


9.7 


243.4 


Oct. 


9 


1.0 


.2 


5.1 


8.7 


19.3 


20.6 


2.4 


6.9 


10.2 


238.1 


Nov. 


.0 


.4 


1.6 


5.2 


6.9 


16.7 


21.7 


1.9 


5.8 


9.9 


231.9 


Dec. 


(1 


.3 


.3 


5.5 


6.7 


13.6 


19.8 


1.9 


4.9 


10.5 


223.7 


Jan. — 1949 


4 


.2 


2.2 


5.4 


6.5 


10.9 


15.9 


1.9 


5.0 


9.5 


206.0 


Feb. 


.7 


.1 


1.3 


5.8 


8.3 


12.7 


16.8 


2.0 


5.7 


12.0 


235.9 


Mar. 


o 

■ 1 


.4 


.4 


6.4 


8.6 


13.2 


16.6 


2.3 


6.1 


13.5 


242.7 


Apr. 


5 


.6 


.2 


5.7 


7.5 


12.6 


26.4 


2.1 


8.0 


13.9 


250.5 


May 


7 


1.4 


.4 


5.5 


6.9 


15.9 


24.6 


2.1 


7.5 


14.9 


250.5 


June 





1.1 


.4 


4.8 


5.2 


13.5 


28.3 


1.9 


6.7 


13.9 


230.8 


July 


• i 


1.3 


1.1 


5.4 


5.8 


11.5 


23.6 


2.0 


7.4 


14.5 


211.4 


Aug. 


4 


1.5 


.2 


5.3 


5.6 


14.4 


27. 2 


2.1 


7.6 


14.5 


221.4 


Sept. 


1 ' S 


1.4 


.3 


7.5 


8.0 


12.1 


25.2 


2.4 


7.8 


14.1 


234.2 


Oct. 



Kingdom do not include articles imported for the use of the armed forces of the United Kingdom. In the years 1946 and 1947 articles free under Order 



223 



1 
DECEMBER 194! & B 



XIII— WHEAT : WORLD SUPPLIES* 

Compiled from Dominion Bureau of Statistics Publications, U. S. Dept. of Agriculture "Agricultural Statistics" 
Millions of Bushels and Broomhall's "Corn Trade News". 





Average 




















Crop Years'" 


1935/36 
-39/40 


1941/42 


1942/43 


1943/44 


1944/45 


1945/46 


1946/47 


1947/48 


1948/49 


1949/50 


1. Old Stocks- 






















Chief Exporters: 






















Canada' 2 ' 


101 


480 


424 


595 


357 


258 


74 


86 


78 


99 


U.S.A."' 


155 


385 


631 


619 


319 


279 


100 


S4 


196 


306 


Australia 


48 


70 


138 


190 


150 


43 


60 


56 


90 


80 


Argentina 


98 
402 


185 
1,120 


225 


275 
1,679 


275 
1,101 


160 
740 


103 
337 


112 


118 
482 


124 (S 


Total 


1,418 


338 


609 


2. Production for Export- 






















Chief Exporters : 






















Canada 


198 


169 


386 


106 


244 


159 


253 


186 


252 


220 


U.S.A. 


73 


274 


22 


372 


74 


213 


382 


603 


611 


426 


Australia 


117 


109 


90 


25 


51 


59 


44 


151 


110 


120 


Argentina 


119 


123 


118 
616 


98 
143 


9 


13 


72 
751 


101 
1,041 


66 
1,039 


82 (S 


Total 


507 


675 


257 


444 


848 


3. Production in Other 






















Countries: 






















France 


287 


212 


208 


243 


256 


184 


250 


150 


300 


285 


Germany 


147 


155 


131 


171 


140 


97 


96 


120 


176 


152 


Italy 


278 


263 


242 


237 


238 


168 


238 


205 


250 


265 


Spain 


158 


103 


100 


89 


115 


73 


133 


103 


110 


110 


United Kingdom 


62 


75 


96 


129 


117 


81 


73 


62 


88 


80 


Other 


1,630 


1,491 


1,381 


1,547 


1,461 


1,209 


1,437 


1,196 


1,449 


1,470 


Total + 


2,562 


2,299 


2,158 


2,416 


2,327 


1,812 


2,227 


1,836 


2,373 


2,362 


TOTAL* (1+2+3) 


3,471 


4,094 


4,192 


3,952 


3,685 


2,996 


3,315 


3,215 


3,894 


3,819 



* Excluding U.S.S.R. and China and after deducting consumption in the chief exporting countries. 
Australia and Argentina Aug. -July; U.S.A. July-June. (2) Including Canadian wheat in U.S.A. 
liminary. (5) Estimate. 



t Excluding U.S.S.R. and China. (1) Canada,! ffi 

(3) Including U.S. wheat in Canada. (4) Pre- 



millions or BUSHELS 



WHEAT EWORLD SUPPLIES 7 



MILLIONS Or BUSHELS 



5000 



4000 



3000— 




2000 



AVERAGE 
I93S/36-39/40 



5000 



4000 



3000 



2000 



1000 



1949/50 



t Excluding U.S.S.R., China and consumption in the chief exporting countries. (1) Canada, U.S.A., Australia and Argentina. 

(2) Excluding U.S.S.R. and China. (3) Preliminary. * Portion of old stocks used for home consumption. 



DECEMBER 1949 



224 



XIV— U.S.A. STATISTICS 



Federal Reserve Board or Dept. of Commerce' f Statistics unless otherwise slated. 



MILLIONS Of PERSONS 



MILLIONS OF PERSONS 



POINTS m TOTAL INDC- 



POINTS IN TOTAL INDEX 




MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



BILLIONS OF OQLLARS 



BilliONS OFOOllARS 



1800 



1400 




B j[ 3i OZ JAN 151957 



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